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SVTPerformance's Chain of Restaurants
Road Side Pub
Want to become Farmer/Rancher
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<blockquote data-quote="sleek98" data-source="post: 16320106" data-attributes="member: 144145"><p>Without free or near free land you will likely not cash flow the mortgage unless you have a enough cash to pay for the land and the equipment up front, and even then you would be better off leaving the millions in an index fund and growing a garden out back.</p><p></p><p>I have only seen a farm be in the black after depreciation a hand full of times over the last 8 years of preparing tax returns. The best way I see to build wealth as a farmer is to break as even each year and let the land value increases. For example the family farm bought 75 years ago is now lining a major highway and you sell it off to development companies for millions when you paid thousands for the land.</p></blockquote><p></p>
[QUOTE="sleek98, post: 16320106, member: 144145"] Without free or near free land you will likely not cash flow the mortgage unless you have a enough cash to pay for the land and the equipment up front, and even then you would be better off leaving the millions in an index fund and growing a garden out back. I have only seen a farm be in the black after depreciation a hand full of times over the last 8 years of preparing tax returns. The best way I see to build wealth as a farmer is to break as even each year and let the land value increases. For example the family farm bought 75 years ago is now lining a major highway and you sell it off to development companies for millions when you paid thousands for the land. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Want to become Farmer/Rancher
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