So, Before The Farmers Get Their Trump Bailout

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46. Been that way for some time now.

It’s like a dance. Books show not much profit over time, but some how they have nice cars and kids go to college, etc.
you really have to look at expenses and profit over time. If my income vs taxes were like theirs, I’d be walking. Yet they seem to live pretty good. They do handle a lot of money and and reinvest it in good years, so it doesn’t show. Most of their wealth is tied up in land ownership that can be passed down in the family.
I’m not saying that is good or bad, but that is how it works. Here in the MidWest, I think most family farms might only show a profit a couple of years in a decade. That is mostly due to taxes and how they have to structure it. Yet they dive newer pickups and the kids go to college or inherit part of the farm. Looks like land is the family’s bank account. While they may show a low profit, they live much better than others with the same income. They also love what they do.