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Re: For all the fellow farmers out there. [Re: cowboy2005] #7090501
12/15/20 09:37 AM 12/15/20 09:37 AM
Joined: May 2017
Posts: 1,712
NW Mo
M
Michael Lippold Offline
trapper
Michael Lippold  Offline
trapper
M

Joined: May 2017
Posts: 1,712
NW Mo
Originally Posted by cowboy2005
Originally Posted by Michael Lippold
It would be my luck for the farm industry to crash, I’m waiting on an appraisal but my wife and I have been approved to buy my grandmas farm as well as about 15 head of cattle, hope it don’t crash and we can at least make the payments!

Yeah best of luck to you for sure! I'm at about 9 head of beefers rn and in the process of expanding but I've slowed way down due the uncertainty. On top of that I work for a farm down the road and our operations are kinda intertwined so we'll see what happens.



Thanks, luckily I got some good friends and neighbors I can swap labor for equipment use with so that will help us get started
Re: For all the fellow farmers out there. [Re: cowboy2005] #7090666
12/15/20 11:30 AM 12/15/20 11:30 AM
Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
R
run Offline
trapper
run  Offline
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R

Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
Nice thread.

wanna be goat farmer.
Re: For all the fellow farmers out there. [Re: cowboy2005] #7090678
12/15/20 11:39 AM 12/15/20 11:39 AM
Joined: Nov 2015
Posts: 1,399
wisconsin
cowboy2005 Offline OP
trapper
cowboy2005  Offline OP
trapper

Joined: Nov 2015
Posts: 1,399
wisconsin
Michael, that's nice. I kinda do the same with the farm I work for so its convenient

Last edited by cowboy2005; 12/15/20 11:40 AM.



Re: For all the fellow farmers out there. [Re: cowboy2005] #7090690
12/15/20 11:47 AM 12/15/20 11:47 AM
Joined: Dec 2006
Posts: 15,718
MN, Land of 10,000 Lakes
T
Trapper7 Offline
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Trapper7  Offline
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T

Joined: Dec 2006
Posts: 15,718
MN, Land of 10,000 Lakes
I'm not a farmer. But, farmers are the life blood of America. God Bless them all!

The difference between animals and humans is that animals would never let the dumbest ones lead the pack.
Re: For all the fellow farmers out there. [Re: martentrapper] #7091150
12/15/20 05:13 PM 12/15/20 05:13 PM
Joined: Dec 2006
Posts: 11,219
Oregon
beaverpeeler Offline
trapper
beaverpeeler  Offline
trapper

Joined: Dec 2006
Posts: 11,219
Oregon
Originally Posted by martentrapper
Originally Posted by beaverpeeler
LOL..I file both schedule F and C. Farming and trapping. Pay taxes on both.


You make enough money, after deductions, to "pay" taxes? The trapping I mean.

I always make a profit with schedule C. It takes the combining with schedule F to owe taxes though.

My fear of moving stairs is escalating!
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