Once again it proves the adage farmers are asset rich but cash poor.
Corn is not $8.00/bushel and just last year corn was under $4.00/bushel. As for ethanol be careful what you wish for. You may find your gasoline bill a little higher.
I don’t see any farmers retiring that early. I will admit some smaller farmers are renting out their land because the capital requirements and the dollars per acre needed to put in a crop have made it an easy decision.
Pickups are the service vehicle for farms. What are we supposed to drive a Prius?
You can’t use red(dyed) diesel in on road vehicles. You have to use clear diesel and the Highway Patrol does check. If caught you pay taxes and penalties on all gallons.
Not being a rancher not sure about this one but I would guess the deductible expenses on one cow are less than charlie rangel’s taxes.
Last but not least don’t bitch with your mouth full.
Thank you. Very few here no anything about RED DYE diesel. Do any freepers know who caused this to happen for reasons of a special tax on fuels— a dye additive to separate taxed from not taxed so that vehicles could be checked and fuel supplies targeted against farmers? HMMM?
It was Al Gore... mr. goldman sachs, mr. global golden warming sachs. Mr... “ah topped it, ah stripped it, ah hung it (tobacco)...” authentinc farming man of the working people. Lying sack of fermented horse manure.
Most people who make macquire’s type of comments are unaware of day to day requirements of the people who grow US food, and NOT for export.
He is completely wrong about cattle. Simply not true. Get a farming tax form and fill it out for a 200 head herd sold at market— then apply allowable deductions against gross revenue. You can check this against what is happening right now in the beef market because of the drought in TX.