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nc ks | While cattle have helped here of late, how long have they been a net drag?
I think the most important thing is if the farm has been disciplined enough to pay income tax on all their non-exempt income. Land, lifestyle (lavish or not), any expenses that are subject to income tax should have income tax paid on them every year. It doesn't matter how shiny the paint is as long as it doesn't keep you from paying income tax. Here in the land of crop insurance the last several years it has been possible to do what you need to do and still pay income tax as long as you had things structured correctly. Even in 2024. | |
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I wonder how many farmers were upside down last year and how did it go
