Central NE | Are you going to keep your off farm Job next year? If so, and assuming your Tax man is using 7 year depreciation on this years purchases already (you need to know and not guess) then I would at least sell $15,000 worth yet this year but $30,000 would be better and $50,000 would be best - resulting in the least amount of taxes owed on your corn sales. IMHO. You do not need to show a profit on your farm if you already are showing $35K in wages because your banker will see any profits on the income statements and balance sheets.
Edited by Hayinhere 12/24/2012 14:45
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