Posted by Randy Cook on August 29, 2010 at 22:14:54 from (24.144.41.241):
In Reply to: Re: Advice posted by paul on August 29, 2010 at 20:11:03:
Yep, I'd have to cut a lot more than 60 acres to break even, and I plan to. It's just grass, 3 cuttings per year.
We already have a big and old tractor 4620 JD, not much of an efficient hay tractor. My thinking is that I can operate the "farm" as a "for-profit" business and depreciate the equipment as well as deduct all direct expenses.
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