Income tax is a huge cost on any farming operation, because as farmers we can't depreciate land purchases.
Since tax season is coming up, it’s time to talk about some of the best income tax management strategies for farmers. Here are three of the best.
Every truly successful person I've ever meet or read about has a hobby that provides him or her with escapism. The opportunity to escape somewhere at some time in our daily lives to free our mind and improve personal happiness is so important to obtaining and sustaining success.
In this episode, we discuss a few healthy ways to escape our professional life so you can ultimately be more successful.
It’s always a challenge to value real estate, especially when it comes to farmland.
After reading Paul Moore's book The Perfect Investment, my perspective on valuing real estate at a professional and investment level was changed dramatically.
So many farmers only think about the dollar per acre amount and not what Paul talks about in his book: “cap rate.” Today we’re going to unpack cap rate and how that makes a difference when you’re valuing real estate. You’ll learn how you can put a number all the real estate values that you operate on your farm.
Patrick Montgomery went from U.S. Special Forces Army Ranger to cattle rancher in the span of a few short months.
His story is unlikely, but inspiring. I had the privilege of interviewing him and hearing his story in this episode.