emtbd1979 - 9/14/2017 11:20
RWIowa - 9/14/2017 07:47
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.
im still digging out of 2015 and working a second job hauling equipment and I'm not reaping this 13% higher net. These surveys are a joke. Must have only found 65 year old guys to survey with everything paid for. Ask the 40 year olds how good things are.
I'm in that 40 range and if I only make 13% more than last year I will be disappointed. But I am deversified. I have time livestock and NAT
USDA Predicts 13 Percent Farm Income Climb in 2017
