Farmer talk
- Thread starter underdog
- Start date
jhurkot
Active VIP Member
Last edited:
We laugh because this is just so stupid.
Stupider is that people believe this to be true.
You know......the vast majority of tree huggers in the cities.
007sevens
Active VIP Member
Here is a link to her. She looks to be quite young.
https://www.businessinsider.com/author/rachel-askinasi
jhurkot
Active VIP Member
If I can tell the difference between a diesel tank and the grain bins I think I will!
snopro
Active VIP Member
Marked fuel isn't affected by the Carbon Tax is it? Got my fuel exemption form filled out for my supplier last week. If you guys don't have one get on your supplier. Deadline is Dec 31/19
Sled denny
Active VIP Member
Do you need farm plates to buy marked fuel i am just wondering thanks
snopro
Active VIP Member
Marked farm fuel you do Denny. You basically have to prove you are a farmer to get those plates
Skidoomiles
Active member
That's why it is called farm fuel....... farm fuel-farm plates!
Sled denny
Active VIP Member
Ok thanks I may not be big enough only have 80 acres but I rent it out.
Sled denny
Active VIP Member
Ok thanks I may not be big enough only have 80 acres thanks but it’s rented out
Skidoomiles
Active member
You need to show an income from farming activities, renting it out does not qualify.
Sled denny
Active VIP Member
Ok thank you very much have a great night
007sevens
Active VIP Member
Work a crop share, buy some inputs. Have your renter sell grain in your name and charge you custom work. The difference between grain in your name and custom work you pay equals the cash rent.
Now you are a farmer. You need to report $20000 in gross income. Just be the fair, If your renter does this for you and he goes down in flames cause mother nature is a bitch share the problem with him.
jhurkot
Active VIP Member
You’re far better off taking cash rent as opposed to doing cropshare and taking a split of 17bu/ac canola so you can get dyed fuel. At least in our area that has been in drought the past 3-4 years.
007sevens
Active VIP Member
I said work a crop share, the deal Im talking about I don't do any splitting. It's a ****ed romance of numbers so the Landlord can hold onto farming status.
I hold 100% of the income after the same as renting it just comes to me in different forms other then grain sales.
snopro
Active VIP Member
I got a retired neighbor who does cash rent and told me his accountant told him if you want to keep your farming status with cash rent you have to prove you are still a decision maker on the land so he is in charge of soil sampling. He pays that portion and organizes it and that is good enough his accountant told him? He doesn't own a lot of land so I doubt there is much expense incurred to him in this process?
007sevens
Active VIP Member
Thats what kinda goes on here, except the landlord shows expenses going out and income coming in. Im just the hired hand that owns all the equipment makes all the decisions and holds all the cards. At the end of this year when the landlords crop didn't get in out the field they wait just as I do. It gets income off my books and reduces expenses out sourced in the spring.
fredw
Active VIP Member
Heard a good one this year, landlord had asked if he could get a cardlock card from renter to keep using farm fuel, said he would drop rent to pay for it, so by years end he had to pay 1500$$ to the renter since his bill was more than the land rent..lol.. paid in cash
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