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re: Starting a buisness (farming) and curious where to start
Posted on 2/17/17 at 5:28 pm to StringedInstruments
Posted on 2/17/17 at 5:28 pm to StringedInstruments
It has to be a line of credit. They wouldn't be in business if they had to get a loan for a million every year.
2
Posted on 2/17/17 at 5:54 pm to VABuckeye
It doesn't take long to run through a million in farming. Our seed and fertilizer expenses alone this year were about half a million, and we're not close to the biggest operation in our area.
Posted on 2/18/17 at 7:52 am to VABuckeye
quote:
It has to be a line of credit. They wouldn't be in business if they had to get a loan for a million every year.
Most farmers operate that way. They may take a loan for a million dollars every year but then pay it back when they sell their crop. It's special loans designed for them through the government. Rice isn't very profitable right now but with that comes crawfish which is
OP if it's just a hobby that you'd like to put on your tax return add it to a sch c
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