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Cost of farming?
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CHRIS ECNE
Posted 1/2/2014 19:23 (#3567996 - in reply to #3566774)
Subject: Re: Cost of farming?


East Central Nebraska
Here are a few expenses that could be added. Professional fees: Laywer, Accountant, Agronomist and Market Advisor. I'm not sure but they may have not included that $50,000 pickup truck in the depreciation. Utilities for that new mega-shop might add a few cents to the breakeven. And don't forget that $75000 of living expense. And of course we need to include income tax especially if a person has been using Sec. 179. That income will have to be taxed someday. I'm sure I forgot some. Hopefully everyone can hold their money together. It won't be easy.
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