Post by Oatking on Aug 27, 2021 20:49:42 GMT -6
Hey guys , like the subject says how many farms are in this class and what smart ideas for winding down operations or also how much equipment investment is necessary. I am likely a last generation farmer with two daughters who s interest will be in other careers so I dont find myself running a rat race to be the biggest farm on the block. I find myself really enjoying running my sole proprietorship business. What are some of the smartest and least tax burden ideas you have experienced or are planning for retirement. I Would have found it exciting to have a son to farm with and I often tell my neighbours with sons to enjoy there time together. I had real good memories helping dad on the farm when I was young.
Contrary to what experts say I actually think family farms or sole proprietorships may make a come back some day, as I see some corporate farms struggling with labour requirements or the incredible losses that can pile up. Problem is equipment will have to shift back to smaller sizes but it might anyways with automated tractors, sprayers and combines not to far away. Also people seem to care more now where there food comes from and a smaller farmer has the time to develop a relationship with the consumer.
Also recently, a lot of foreigners are s coming over from china and india to start farming.
What do you folks think
Contrary to what experts say I actually think family farms or sole proprietorships may make a come back some day, as I see some corporate farms struggling with labour requirements or the incredible losses that can pile up. Problem is equipment will have to shift back to smaller sizes but it might anyways with automated tractors, sprayers and combines not to far away. Also people seem to care more now where there food comes from and a smaller farmer has the time to develop a relationship with the consumer.
Also recently, a lot of foreigners are s coming over from china and india to start farming.
What do you folks think
