Posted 3/17/2024 09:38 (#10668321 - in reply to #10668313) Subject: RE: Anyone downsize their farm operation? How did it go?
You’ll most likely find the IRS to be your biggest challenge, so address those tax issues first and foremost. Once you quit growing/farming, the tax man becomes the 800 pound gorilla in the room. I’ve helped an awful lot of folks manage this process over the years, and been through it myself. Do not make any decision without considering the tax ramifications first.
Anyone downsize their farm operation? How did it go?
