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Being honest
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<blockquote data-quote="CG1" data-source="post: 1607411" data-attributes="member: 38577"><p>I don't know how it works in the USA but in Canada we also get significant tax breaks well farming. It was the main reason why my step father bought my mom and I the ranch 20 years ago. It has saved him significant amounts each year and also gave us a lifestyle we wanted. We have gone on to buy 2 more bcs of the gains we have seen in the land investment alone. We have a total of 20 acres which around here is very large. I have never made money on cattle really. I think I made $5,000 last year on cows. It's really a hobby. But saved by it lowering all of our income and tax due to write offs and tax breaks. We grow marijuana and raise cows, chickens and sheep. Took us 3 building years to get it all going. We saw our first income in the 4th year. Because we are all self employed, we benefit from the government farm rules. If u had a regular 9-5 I don't think it would save us much. I got myself a good accountant that really understood farm regulations. He made the plans.</p></blockquote><p></p>
[QUOTE="CG1, post: 1607411, member: 38577"] I don’t know how it works in the USA but in Canada we also get significant tax breaks well farming. It was the main reason why my step father bought my mom and I the ranch 20 years ago. It has saved him significant amounts each year and also gave us a lifestyle we wanted. We have gone on to buy 2 more bcs of the gains we have seen in the land investment alone. We have a total of 20 acres which around here is very large. I have never made money on cattle really. I think I made $5,000 last year on cows. It’s really a hobby. But saved by it lowering all of our income and tax due to write offs and tax breaks. We grow marijuana and raise cows, chickens and sheep. Took us 3 building years to get it all going. We saw our first income in the 4th year. Because we are all self employed, we benefit from the government farm rules. If u had a regular 9-5 I don’t think it would save us much. I got myself a good accountant that really understood farm regulations. He made the plans. [/QUOTE]
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