I'm gonna sound like a real mean guy here, but the nature of my job is such that I sit in an office 3-4 months of the year and hear people's sad stories while I compile a tax return for them. Some have REALLY terrible stories. Some just are whiners who cannot deal with life. I'm just going to tell you that if you are moping around like this because you turned 40...and don't kid yourself, you are...then you are ill prepared for your 50's. Upset because a BTO took your field? Well guess what? That is what they are all about. BTO can also mean Big Time Overhead and they need to be aggressive about finding and keeping land. I am a small guy and most of the BTO's around me won't even waive as they drive by in their house sized tractors. They would like nothing better than to see me throw in the towel. I'm also quite a bit older than you and feel like having an auction most every day. I also have kids and I involved them in every aspect of what I do and made it fun for them. I can tell they would like to do more, but I want them to get professions of their own so they can enjoy the farm free of financial worries. If I were you, I would at a minimum keep the equipment to work the small acreage you own and enjoy it. If you are still wanting to sell off a bunch of equipment or quit entirely there is a better tax path. You may want to give your tax person a bit of a push on the topic see can they help you out.
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Today's Featured Article - Show Coverage: The Old Gold National Antique Tractor Show - by Cindy Ladage. Over the fourth of July weekend, the Illinois State Fairgrounds in Springfield, Illinois, was the site of the Old Gold National Antique Tractor Show. Tractors of all makes and models were displayed and separted into categories by their age. Deere, Oliver and even a Wards and Keck Gonerman were part of the crowd. A sea of red International Harvester's seemed to be the the model with the biggest showing. The crowd was decent for the scorching July heat. The opening day started o
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