Kooiker - 3/24/2024 18:29
coup - 3/24/2024 18:49 $1 million pretax income = around $500,000 after tax $ after income taxes and living cost is deducted. How many farmers are paying income tax on a $1 million per year? Would take 10 years paying income tax on $1 million per year to generate $5 million in cash.
That's exactly what I'm talking about. I don't believe that a high % of these $20k acres are being bought without financing.
The income tax bill alone would be enough to give most farmers a heart attack.
Has the game changed cont........
