So for the landowner they are an active farmer, they keep the land in good order, can pass the land on to their kids on their death, and as they are 'in business' they can claim their pickup truck as an expense, sneak lots of home expenses through as office expenses etc?Horses for courses. Lots of farmers need to be seen to be actively trading for tax purposes. They can put lots of items against the business as well as staying in the game whilst sharing in a bigger contractor’s economy of scale. More snouts in the trough of course.
For the contractor, lots of work, gets to justify a bigger Quadtrac and might make a profit, might make a loss, probably is lying to himself about his true costs in order to have the biggest Lexion.
I've got an FBT, but then I've always suspected i'm a mug.I think they mostly are ! Only slightly less so that FBT’s which are the ultimate mugs game
However in partnership with the right land owner they can work well ...... you have to be picky about who you work for !