2 ms·
Sure, and I maybe worded that poorly. They get to make that money and keep the land to either eventually sell, pass down, or rent. The point is it's rare for
by Auracle 4y ago
Sure, and I maybe worded that poorly. They get to make that money and keep the land to either eventually sell, pass down, or rent. The point is it's rare for farmers to sell what's usually millions of dollars of land - usually that happens when inheritance comes in to play.
The power equipment is mostly stuff for fun more than for work, such as side by sides. They still get to deduct it, of course. It was just an example of how much money they make.
For what it's worth I believe the soil in southwest Minnesota is supposed to be among the best in the country, and they do corn & soybeans.