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Another Tax Question
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<blockquote data-quote="usernametaken" data-source="post: 451721" data-attributes="member: 6820"><p>There is NCRS with some programs but there is also, at least in my area, several State programs. I think some of that comes from the change over from Tobacco. I actually will probably use more state programs than federal. Some of the programs overlap NCRS and cover the same things too. My tax situation is a bit strange at the moment and I will probably run it by my tax guy first, but even paying taxes on the money, it is more income to work with, albeit earmarked for certain things. There is a yearly limit and max limit in some of the programs that needs to be considered.</p><p></p><p>I am working on the sheep end of it first ( then I hope to add cattle a little later) , they are cheaper to get started in and I have more experience there. I also like to work my dogs and can train on them. I just closed on my farm the 10th. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> Fencing, water, native pastures, etc. will work for cattle too. Including the things Dun mentioned there is a program for purchasing "genetic improvement" - buying rams. ( I believe they have something similar for cattle too. ) Requirements to participate in most of the sheep programs are a seminar on sheep, which I just did at Univ. of KY. and intended to do anyway. Also must have 20 sheep to start for some of it. Technically I am a first time farmer, disadvantaged farmer ( female) and who knows what else. Rams must be health and semen tested. A program for native grasses - that one may be federal. The fencing and water, which Dun mentioned, which is my primary interest. </p><p></p><p>I am equally interested in having NCRS just come out, make recommendations, look at the pasture, look at the <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite4" alt=":mad:" title="Mad :mad:" loading="lazy" data-shortname=":mad:" /> mess they made in the woods cutting off timber, ( wonder what a couple of hogs would do for downed timber ? ) helping me plan overall fencing with managed grazing and water in mind. I don't think hardly anyone, if anyone, around my farm is doing managed grazing so it should be a fun one for the area. </p><p></p><p>I was raised like some of you, not to take government handouts. I could go on a long soapbox about it, but lets just say I've changed my mind . Anything that I can use to get going, to become more productive faster, I will make use of. If I can do that they'll get it back in taxes in the end. Then again, maybe they've already gotten it in taxes I've paid.</p></blockquote><p></p>
[QUOTE="usernametaken, post: 451721, member: 6820"] There is NCRS with some programs but there is also, at least in my area, several State programs. I think some of that comes from the change over from Tobacco. I actually will probably use more state programs than federal. Some of the programs overlap NCRS and cover the same things too. My tax situation is a bit strange at the moment and I will probably run it by my tax guy first, but even paying taxes on the money, it is more income to work with, albeit earmarked for certain things. There is a yearly limit and max limit in some of the programs that needs to be considered. I am working on the sheep end of it first ( then I hope to add cattle a little later) , they are cheaper to get started in and I have more experience there. I also like to work my dogs and can train on them. I just closed on my farm the 10th. :) Fencing, water, native pastures, etc. will work for cattle too. Including the things Dun mentioned there is a program for purchasing "genetic improvement" - buying rams. ( I believe they have something similar for cattle too. ) Requirements to participate in most of the sheep programs are a seminar on sheep, which I just did at Univ. of KY. and intended to do anyway. Also must have 20 sheep to start for some of it. Technically I am a first time farmer, disadvantaged farmer ( female) and who knows what else. Rams must be health and semen tested. A program for native grasses - that one may be federal. The fencing and water, which Dun mentioned, which is my primary interest. I am equally interested in having NCRS just come out, make recommendations, look at the pasture, look at the :mad: mess they made in the woods cutting off timber, ( wonder what a couple of hogs would do for downed timber ? ) helping me plan overall fencing with managed grazing and water in mind. I don't think hardly anyone, if anyone, around my farm is doing managed grazing so it should be a fun one for the area. I was raised like some of you, not to take government handouts. I could go on a long soapbox about it, but lets just say I've changed my mind . Anything that I can use to get going, to become more productive faster, I will make use of. If I can do that they'll get it back in taxes in the end. Then again, maybe they've already gotten it in taxes I've paid. [/QUOTE]
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