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SW Iowa | I never said it would fix a tax problem renting high priced land.
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And what makes you think the guys paying the big money cash rent rates aren't in the 25% and wanting to get in the 50% rate. Just because you make a lot of money doesn't mean you don't want to make more, and by using the tax rate deduction to figure your cash rent payment is just the same as using the IRS sec 179 when you buy iron. It should be figured into what your net income is, especially if you are in a high tax rate.
$425/a cash rent isn't really $425/a to the big boys. It is opportunity to make more with less cost per acre incl less tax paid.
If you can't figure that out, you just as well stay in your own little world, and leave the beetching about high rents to your drinking buddies.
Edited by Itchy 4/28/2012 09:27
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2013 rent bids
