arod, the most important thing you should be looking for is a mentor, someone to show you the ropes.
It takes more than a big smile on your face and a 100HP tractor to "farm it."
Using the farm as a tax shelter and writing off a bunch of shiny new equipment is a nice idea, but that's assuming the crops are going to turn a profit. What if it's a bad growing year? You get to watch the equipment dealer load all your shiny new equipment up and take it away while the Sheriff stands next to you with his hand on his gun.
Not only will they load up the equipment, they'll load up your dignity, and your credit rating.
Even if it means giving Uncle Sam more than is absolutely necessary, stick with the plan of using equipment that you can afford with minimal proceeds from the farm. Odds are your first crop won't be optimal even if the growing conditions are ideal, because you don't know what you're doing.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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