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Lol...my sons Ag class
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BryceH
Posted 9/29/2020 21:42 (#8522066 - in reply to #8521814)
Subject: RE: Lol...my sons Ag class



Nunn CO
ricefarmer14 - 9/29/2020 18:56

My kid came home telling me about his Ag teacher explaining that farmers have nice pickups because the bank needs them to spend money before the end of year and that they don’t make very much money but the nice trucks are because they have to spend money for year end.


Apparently I'm in the minority. Maybe not the BANK but the IRS encourages it.

I have seen a ton of posts on here about farmers spending year end money. I would go as far as to say It's common practice for farmers to buy equipment until they drop down their income to 30K-50K on good years....
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