Quote: CVPost-tomstractorsandtoy (quoted from post at 14:40:39 10/24/22) I do shop work and buy and sell a few pieces of equipment as a side line. I did do a 1031 exchange on a small over priced property to buy the farm we are on. My wife as also always been a homemaker or maybe I should say farm helper. She milked more cows than I ever did. Last week she even ran the combine 2 days. We never bought much new stuff and never spent any money to impress other people. We live simple and really enjoy our small farming operation. In some ways I wish I could have grown bigger so as to include one or both of my sons but they have good businesses of their own and live close by. We also have leased 25 acres to a solar project but that is not yet finished. That will be our retirement fund. Tom
You will find, in short order, if your strategy works. I did, and it's been satisfactory.
We constantly get letters from solar companies, because we're directly under a high line on one of our fields. They want to lease the property for solar.............but they require that it be absolutely clean of any brush. Want the land, but not willing to do the work to do minimal cleanup in the pasture that's not in crop. Once it's in solar, it's out of production......either for forage production, or grazing. They have to come up with a better offer before we even think about it.
This post was edited by farmersamm on 10/24/2022 at 02:53 pm.
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