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Non-Cattle Specific Topics
Coffee Shop
Mental Health of Farmers
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<blockquote data-quote="Jogeephus" data-source="post: 1568368" data-attributes="member: 4362"><p>I think a good reset for many farmers I know would be to spend some time brushing up on finance and opportunity costs. Missed opportunity costs is the killer in my view and causes a lot of stress and problems. Many farmers have the mindset that paying taxes is a bad thing and when they make money they buy depreciating assets to keep from paying taxes and worry only if they can make the payments rather than saving and investing their profits in off farm investments. King Solomon taught a valuable lesson about this and this, I think, would be a very helpful reset for many farmers.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 1568368, member: 4362"] I think a good reset for many farmers I know would be to spend some time brushing up on finance and opportunity costs. Missed opportunity costs is the killer in my view and causes a lot of stress and problems. Many farmers have the mindset that paying taxes is a bad thing and when they make money they buy depreciating assets to keep from paying taxes and worry only if they can make the payments rather than saving and investing their profits in off farm investments. King Solomon taught a valuable lesson about this and this, I think, would be a very helpful reset for many farmers. [/QUOTE]
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