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Farm Business
Agricultural Matters
Farm Subsidies......expand or GET OUT???
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<blockquote data-quote="Devil's advocate" data-source="post: 9052897" data-attributes="member: 1504"><p>It has really.</p><p></p><p>A farm can have a better long term future if it has other income streams. Especially when farming is going through a difficult period.</p><p></p><p>Two farmers on the same sized farms, ne buys a large Fendt & kit to match. The other buys houses to rent, runs smaller kit & tops up with contractors.</p><p></p><p>10 years down the line, the Fendt is still working & the farm benefits from having a paid for 10 year old tractor. The work that tractor does contibutes to farm profits.</p><p></p><p>The other farm with the two houses, has a more valuble asset & the rents are rising. If the orgininal money came out of the farm, surely it is ok to now put the rental income back into the farm. In fact it would likely pay the lease of a bigger Fendt.</p></blockquote><p></p>
[QUOTE="Devil's advocate, post: 9052897, member: 1504"] It has really. A farm can have a better long term future if it has other income streams. Especially when farming is going through a difficult period. Two farmers on the same sized farms, ne buys a large Fendt & kit to match. The other buys houses to rent, runs smaller kit & tops up with contractors. 10 years down the line, the Fendt is still working & the farm benefits from having a paid for 10 year old tractor. The work that tractor does contibutes to farm profits. The other farm with the two houses, has a more valuble asset & the rents are rising. If the orgininal money came out of the farm, surely it is ok to now put the rental income back into the farm. In fact it would likely pay the lease of a bigger Fendt. [/QUOTE]
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Farm Subsidies......expand or GET OUT???
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