Sometimes, even good seasons hide pitfalls.
During the boom times of $8 corn and $16 soybeans three or four years ago, many farmers offset tax burdens by purchasing machinery and using the section 179 accelerated depreciation. A few of us were a bit too aggressive in doing this and ended up with a little more machinery than we should have...
In this episode, we’ll talk about how to monetize the used machines you have sitting around and have excess money instead of excess equipment.
