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<blockquote data-quote="TR" data-source="post: 56639" data-attributes="member: 22"><p>For what its worth, we have followed Hillbilly's plan to the "T", and so far so good. (knock on wood!) 15 acres are owned and 67 acres are currently leased with an option on an aditional 160 acres this January. We started with 4 bred heifers, and in 3 years have grown to 30 head by retaining all heifers born and by picking up a few quality bred cows at a time when the cash was available. So, all animals are paid for and owned. The tax situation is a dream as we are only taxed on the owned 15 owned acres and have the ag exemption on top of that. The main thing is that we each kept our day jobs so that when mistakes are made, and they inevitably will be when starting out, its not a matter of who eats that week. Basically we say that each share of our retirement "stock" has 4 legs.</p></blockquote><p></p>
[QUOTE="TR, post: 56639, member: 22"] For what its worth, we have followed Hillbilly's plan to the "T", and so far so good. (knock on wood!) 15 acres are owned and 67 acres are currently leased with an option on an aditional 160 acres this January. We started with 4 bred heifers, and in 3 years have grown to 30 head by retaining all heifers born and by picking up a few quality bred cows at a time when the cash was available. So, all animals are paid for and owned. The tax situation is a dream as we are only taxed on the owned 15 owned acres and have the ag exemption on top of that. The main thing is that we each kept our day jobs so that when mistakes are made, and they inevitably will be when starting out, its not a matter of who eats that week. Basically we say that each share of our retirement "stock" has 4 legs. [/QUOTE]
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