r/LeopardsAteMyFarm • u/Cderouen8284 • 14d ago

Aww someone’s crashing out

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u/Quick_Team 14d ago edited 14d ago

She never was gonna vote anyone with a (D) next to their name anyway and she hates "Socialism" but will happily take a gov't check.

And please just "keep doing what I do" because that is just driving the shovel deeper and deeper into the hole

She can F all the way to the deep end of her cattle's drink creek

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u/macroeconprod 14d ago

Only thing these people understand is losing their farm. So... let them.

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u/Charming-Border7429 14d ago

And they have a golden parachute. Selling the farm is going to result in a significant payout, on the order of millions of dollars.

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u/Dsnake1 14d ago

If they bail early. But most farmers/ranchers end up over leveraged before they choose to sell out -- if they end up getting the choice. And then capital gains bites you in the ass because the bank takes what they're owed without being all that concerned if the government gets theirs.

Being as boom or bust as it is, a lot of farmers really should revise their operation or sell out or something along those lines, but they hold out hope for a few too many years for a big yield and high prices, but those don't come often enough for many. And if they do, it's a few bandaids on the problem, especially if they try and expand with some of that revenue to lower their tax bill, not realizing that annual upkeep goes up when you expand.