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1
Posted on 7/22/25 at 2:26 am to ragincajun03
quote:
The estate now owes in the tens of millions in Estate Taxes to Uncle Sam because of how the land is valued as an estate asset
Doesn’t sound like a small family farm if the estate owes tens of millions in estate taxes. In 2025, the threshold exemption for estate taxes is $13.99 million.
Posted on 7/22/25 at 4:46 am to ragincajun03
quote:
When can we put the "adults" back in charge?
Would have to go back at least 70 years to find the last time they were
This post was edited on 7/22/25 at 5:04 am
Posted on 7/22/25 at 7:56 am to ragincajun03
quote:
Not only that, but the Estate Taxes eat up these family farms and ranches as well. Landowner I've worked with for years passed away not to long ago. He didn't owe hardly any notes, and he wasn't necessarily cash rich, but he had a TON of farmland and ranchland. That's what he'd do with his money. The estate now owes in the tens of millions in Estate Taxes to Uncle Sam because of how the land is valued as an estate asset, and since no one in the family has that kind of cash laying around, they're going to have to sell some of the farms and ranches.
1. This is a lie
2. If it weren’t and the deceased owned the land free and clear, the estate could use equity from the land to pay the estate taxes.
This post was edited on 7/22/25 at 8:05 am
Posted on 7/22/25 at 7:58 am to Obtuse1
quote:
Every inflation thread always has people gaming the system with the "what a deal" they got or a picture of some stupidly overpriced item at a local market to make their point... for reasons.
That's because every item in a grocery store goes on sale at some point. Some more often than others.
If you go to the grocery store with the thought "i'm cooking steaks tonight" then you're going to very likely pay more than you should for steaks. That's not how you should shop for groceries, unless you don't give a shite about spending money.
When I find chicken thighs for $1.49/lb, i buy a few of them and freeze them. Same with ground beef.
When Rouses has their pork butts for $.79/lb, i'll buy 2 or 4 of them and smoke some pork butt. Same with brisket. I'm not buying a brisket for $100+.
I don't decide what i'm cooking for the week and then go to the grocery store. I go to the grocery store and buy whats on sale, then decide how i'm going to cook that.
There's always somethign on sale.
quote:
Chicken and pork prices have both been pretty reasonable at least to my post-COVID brain but beef prices certainly have not been. Just look at the cost of 80/20 ground beef. The 2.99 per sales have almost completely disappeared and the 3.49 and mostly 3.99 sales seem to be the norm now.
I do agree with this. It's not often you find ground meat on sale for under $3/lb anymore, and it's been that way for a few years now. But you can still find chicken and pork on sale all the time.
Posted on 7/22/25 at 8:04 am to TeddyPadillac
quote:
I don't decide what i'm cooking for the week and then go to the grocery store. I go to the grocery store and buy whats on sale, then decide how i'm going to cook that.
This sounds miserable.
Posted on 7/22/25 at 8:09 am to TigersHuskers
quote:
Drought.
not the problem
Too easy to farm corn/beans when your basically 100% backed by crop ins
Posted on 7/22/25 at 8:12 am to TDTOM
quote:
This sounds miserable.
You play public golf in Lafayette
Posted on 7/22/25 at 8:12 am to ragincajun03
quote:
Not only that, but the Estate Taxes eat up these family farms and ranches as well. Landowner I've worked with for years passed away not to long ago. He didn't owe hardly any notes, and he wasn't necessarily cash rich, but he had a TON of farmland and ranchland. That's what he'd do with his money.
The estate now owes in the tens of millions in Estate Taxes to Uncle Sam because of how the land is valued as an estate asset, and since no one in the family has that kind of cash laying around, they're going to have to sell some of the farms and ranches.
The exemption is like $13 million dollars and if land was paid for they have the equity now
sounds like they don't know what they are doing
$13 million is just under 2000ac of the best LA farm ground
Posted on 7/22/25 at 8:13 am to TeddyPadillac
quote:
I don't decide what i'm cooking for the week and then go to the grocery store. I go to the grocery store and buy whats on sale, then decide how i'm going to cook that.
This is my strategy but my husband does not agree.
Posted on 7/22/25 at 8:27 am to ragincajun03
we sold 2 calves last week. 750 lber sold at $3.14/lb for $2,355. The 800 lber sold at $2.82/lb for $2,256. These prices are nuts.
Posted on 7/22/25 at 8:35 am to TDTOM
quote:
This sounds miserable.
ok We still eat steak and everything else regularly. It helps that I go to the grocery store probably 3xs a week.
Posted on 7/22/25 at 8:37 am to ragincajun03
I take advantage of the BOGO ground beef sales at Bootheel7 from Wyoming. Comes out to less than the grocery store. Amazing taste. Should have their BOGO coming up here soon.
Tenderloin from Costco has gotten pricer but it's a treat to begin with.
I don't buy the other cuts.
Tenderloin from Costco has gotten pricer but it's a treat to begin with.
I don't buy the other cuts.
Posted on 7/22/25 at 8:43 am to Mingo Was His NameO
quote:
You play public golf in Lafayette
I do not. You are around 0/10 on your assumptions about me. Keep projecting, little man.
This post was edited on 7/22/25 at 8:48 am
Posted on 7/22/25 at 8:44 am to Midtiger farm
Or could easily be as small as 500 acres depending on the location.
Who gives a shite if it is paid off, they still have to pay taxes on it again. All the equity does is allow them to get a loan to pay the tax.
frick that and the government.
Estate and property tax are completely bs and needs to be done away with.
Who gives a shite if it is paid off, they still have to pay taxes on it again. All the equity does is allow them to get a loan to pay the tax.
frick that and the government.
Estate and property tax are completely bs and needs to be done away with.
This post was edited on 7/22/25 at 8:46 am
Posted on 7/22/25 at 8:48 am to imjustafatkid
quote:
quote:
WNBA player strike looming
They could be on strike right now and 95% of America would have no clue
Posted on 7/22/25 at 8:51 am to ragincajun03
Mad Cow rule changes and the crackdown on local butchers is affecting the issue too.
Posted on 7/22/25 at 8:55 am to GREENHEAD22
quote:
Or could easily be as small as 500 acres depending on the location.
If you is millions of estate taxes like he said, you’re a fricking land Barron. There’s no two ways around it
quote:
Estate and property tax are completely bs and needs to be done away with.
Estate taxes, yes
Posted on 7/22/25 at 8:56 am to Mo Jeaux
quote:
Doesn’t sound like a small family farm if the estate owes tens of millions in estate taxes. In 2025, the threshold exemption for estate taxes is $13.99 million.
If the farm is jointly owned it is around $28M. Heck of a farm.
Posted on 7/22/25 at 8:57 am to ragincajun03
quote:- nobody cares
WNBA player strike looming
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