Posted 9/14/2017 08:47 (#6247291 - in reply to #6247169) Subject: RE: USDA Predicts 13 Percent Farm Income Climb in 2017
They are talking net, not gross.
I would guess without big machinery depreciation write-offs (from the looks of local dealers lots there isn't a lot of new machinery purchases) net could be higher than the last few years.
That is the trouble with accelerated depreciation. Doesn't save tax, just delays it - sometimes until a very inopportune time.
USDA Predicts 13 Percent Farm Income Climb in 2017
