@johnspigfarm@FarmerTheta If you need it, it makes you more efficient, and you can afford it โ go get it. Tax avoidance should be an added benefit and never a primary driver of purchases.
@clintwfischer Best way to do business! Much rather do farm visits myself. Doing everything at the office is boring, even though sometimes you just need some screen time to get shit done.
@donaldsangel@KnowMoneyYesMon This is the main factor right now that affects everyone. Extremely large capital gains of more than $500k on primary homes is not an issue for vast majority of people. Agree it shouldnโt be taxed, but not holding my breath.
@BenRand10 Corn and soybeans arenโt going to be great up here. Those that paired one of those two crops with Wheat or Canola (which did well) might not see a payment.
@blonglet Canola yields sound decent from what Iโve heard and it seems to be replacing a lot of soybean acres on tougher ground. Guarantees are worse than soybeans though with no history.
@CBKimbrell Being self employed is not for everyone. You get lets of freedom but have to have the ability to go to work and tell others no sometimes. Stress and upside is worth it in my opinion.
@clintwfischer For those willing to do it, itโs almost always the best option. We usually look at increasing rental rates if we need some cash flow back to the parents.
@FoulkShay@Denny2point0 My wife is a LMFT with a farm family background. She currently stays at home, but we have been tossing around an idea of trying to get something going for farm families.
Despite a growing season during which most of North Dakota has seen limited rainfall and increasing drought conditions, corn and soybean yield estimates are predicted to be on par with last year, according to the results of the 2026 DTN Digital Yield Tour.
Staff Reporter @RussQuinnDTN shares: https://t.co/xp0QqrKD1z
#AgNews #DYT26 #DTNDigitalYieldTour #Corn #Soybeans #NorthDakota
@Garrett_Ruskamp Agreed โ definitely not something that only happens in agriculture either. Happens all the time with those that love the business but have a hard time shutting it off. The day may be over, but you are always planning for tomorrow.
@SawyerWhisler Applying tech and business skills to any industry is a winning combo right now. Those that can go a mile deep and truly understand certain topics will end up ahead of all the others.
@CBKimbrell Bare minimum of 5 years prior to planned retirement date. I can usually make it work in 3 years if itโs just a retirement (no transition).
Biggest issue IMHO - some farms and their personal identities are inseparable, making transition almost impossible.