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Message
re: Starting a buisness (farming) and curious where to start
Posted on 2/17/17 at 9:48 pm to FelicianaTigerfan
Posted on 2/17/17 at 9:48 pm to FelicianaTigerfan
quote:
Is there a straight answer for my question?
It's a simple question, but there can be multiple correct answers. I'd talk to an accountant or lawyer (or both) if I were you. Bonus points if they specialize in tax.
quote:
How much money can you make from selling what you grow?
Not as much right now as a few years ago.
Corn price is practically below cost of production ATM. Cotton and soybeans are looking up, on the other hand. If you're smart and run a lean operation the potential is there for a good living. This post was edited on 2/17/17 at 9:53 pm
2
Posted on 2/17/17 at 9:56 pm to Decisions
Will be going to my CPA soon and plan to discuss it with him but to be honest, he is a dick. Not very helpful at all and just wants his 175 dollars to plug my shite in to the computer for taxes and doesn't really offer much advice on stuff. I'll be going to a new one as soon as I find one reliable.
Posted on 2/17/17 at 10:06 pm to Decisions
quote:
Not as much right now as a few years ago. Corn price is practically below cost of production ATM. Cotton and soybeans are looking up, on the other hand. If you're smart and run a lean operation the potential is there for a good living.
How many acres of each do you have under cultivation now...last year?
This post was edited on 2/17/17 at 10:07 pm
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