Rocky Hoffler
Platinum Member
Don't know about Sicma Flail but I have a Sicma rototiller that has done exceptional I have to go with this good luck
Flail Mower Recommendation
- Thread starter danisiri
- Start date
Rara Avis
Veteran Member
Well, maybe YOU should start haying, (small squares for the horse owners in your area)...then you can depreciate all your tractors and equipment...and you actually make some money cutting your 15 acres...
Well, maybe YOU should start haying, (small squares for the horse owners in your area)...then you can depreciate all your tractors and equipment...and you actually make some money cutting your 15 acres...
I figure between a baler and rake I'd be in too deep with up front cost.
Rara Avis
Veteran Member
You forgot your moco and tedder...
Well, you'll never be a farmer...
...you spend quite a bit of money UP FRONT...before you ever see a crop...Give the following a read...
Estimated Costs of Crop Production in Iowa - 2017
https://www.extension.iastate.edu/agdm/crops/pdf/a1-20.pdf
powerscol
Veteran Member
Take time and talk with you local tax adviser on going SCH F the farm tax form and depreciation schedule. There is a huge advantage to this. You can either pay taxes, or buy equipment. For several years now I am getting refunds where I would have had several thousand in tax bills. Also for liability set up a small LLC. In Colorado its 10$ a year to renew and I think $50 to set up. Your state may be different. Here it was a simple on line forum.
This sounds like excellent advice. I will talk with my accountant. I'd love to put the money into equipment rather than send it to D.C. Thanks for the suggesion and info.