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<blockquote data-quote="lovehammer" data-source="post: 1027728" data-attributes="member: 20753"><p>I didn't deliver my point very well. I totally agree with what you are saying. What I meant is the guys that think they need the expensive setup are guaranteed to not make money if they factor in the cost of the equipment. Some folks think they need a Cadillac setup right from the start and they doom themselves to debt forever. These are the guys that usually say nobody can make any money in any ag endeavor. I'm really just talking about a few of my neighbors and some fellows I've seen at the sale barn. They seem to have more money than sense. I'm in the Ford 8n, older than dirt stock trailer, older pickup, and keep debt as low as possible crowd myself. I try to do all of my own fencing, equipment repairs, pen building and brush clearing, that kind of thing. The guys I'm referring to hire most everything done. It also could be the whole oil field thing in my neck of the woods in which case they very well may have more money than sense. In the end, it doesn't really matter that much to me, I've just done the math like you and it doesn't add up for purely profit driven business reasons. </p><p></p><p>That said, the tax savings on having my property ag exempt are pretty significant to me. It's also good to get back some of the tax money I paid in from my day job by claiming fence replacement, feed costs, etc., at the end of the year. I'm a (very) small time cattle guy that's really just getting my operation going so the tax deal is a major benefit for me.</p></blockquote><p></p>
[QUOTE="lovehammer, post: 1027728, member: 20753"] I didn't deliver my point very well. I totally agree with what you are saying. What I meant is the guys that think they need the expensive setup are guaranteed to not make money if they factor in the cost of the equipment. Some folks think they need a Cadillac setup right from the start and they doom themselves to debt forever. These are the guys that usually say nobody can make any money in any ag endeavor. I'm really just talking about a few of my neighbors and some fellows I've seen at the sale barn. They seem to have more money than sense. I'm in the Ford 8n, older than dirt stock trailer, older pickup, and keep debt as low as possible crowd myself. I try to do all of my own fencing, equipment repairs, pen building and brush clearing, that kind of thing. The guys I'm referring to hire most everything done. It also could be the whole oil field thing in my neck of the woods in which case they very well may have more money than sense. In the end, it doesn't really matter that much to me, I've just done the math like you and it doesn't add up for purely profit driven business reasons. That said, the tax savings on having my property ag exempt are pretty significant to me. It's also good to get back some of the tax money I paid in from my day job by claiming fence replacement, feed costs, etc., at the end of the year. I'm a (very) small time cattle guy that's really just getting my operation going so the tax deal is a major benefit for me. [/QUOTE]
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