|
North Central Indiana | I also understood what point you’re making. But your point isn’t right. First you’re assuming that someone had 500k in profit. For the vast majority that’s never the case. If we have real good markets then you can get that for one year before seed and fertilizer eat into it. Thats the first exaggeration. If you spend every dollar of profit on household living like you initially said then you’re paying enormous taxes at the 500k number you used. Maybe there’s a farmer out there that does that, to say “all” lumps you in too, and is a large exaggeration. As far as spending money on deductible items, as long as it’s cash then I don’t really see the issue. I don’t really care if my neighbor with nice stuff always says he’s making no money. I just roll my eyes knowing he’s gonna die someday and his son is cashing out first chance he has. Would much rather be in my shoes than his at this juncture. And I’m also still trying to figure out how you can live if you don’t have “cost of living” or a salary of some sort in your budget. My banker told me I had to have it in mine starting out and it had to be a number high enough to actually make sense.
Edited by JRCS Farms 4/17/2026 07:41
| |
|
Are you losing money at these prices?
