southern MN | Kochia - 5/16/2019 14:24
I do some farming that way, a "1/3-2/3" deal, I pay 1/3 expenses, get 2/3 of the harvest, he pays 2/3 of the expenses, he gets 1/3 of the harvest. We all make money here. I farm it.
That doesn’t sound right.
In the past, one Is materially participating in the crop with the percent of expenses and selling a portion of the crop at market. As such, it used to be subject to social security taxes. I hear that may have changed tho.
Paul |