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Discussion in 'Random Ramblings' started by chiknlady, Sep 15, 2008.
What advice would you give to someone considering the investment of time and capital?
Being in the process of that right now, I agree. Tons of research!
Are you talking a farm or a place in the country?
I grew up on a farm and married a farmer so I don't know anything different.
Ohhh....I always dreamed of marrying a farmer!
Quote:Growing up I always swore I wouldn't!!!
Research what? I am putting together a business plan etc--so are you talking feasibility, the right location, or something else?
More than 5 acres--less than 30...if you would consider that a farm...
What kind of farm are you thinking about? Specific animals and or crops? Will this be your sole income?
Remember. they say most businesses don't see a profit for 2-3 years!
Quote:talk to the 4H extension in the area you are looking. they can come out and tell you just what will work and wont work on your property.
if you want to farm, check out the IRS website. there are MANY stipulations if you want to do this as a business, but many write offs if you do register as a working farm. NOT hobby farm. that is a one liner write off.
best blessings in your endeavor!