|
WC MN | If you have a $50,000 salary how much do you take home, $35,000ish? If you need to have $2 million in CASH to buy a property then you had to have earned closer to probably $3 million to have $2 million left after taxes. So if corn is $7 and you are making $300 per acres profit you probably have a hefty tax bill due each year. I would bet there have been a lot of 6 figure checks written to the IRS the last few years from farmers. Now if you can do all this and still pay cash for dirt then good job you are very good at what you do or extremely lucky. | |
|
Land Prices???
