The problem many farmers have is they buy more stuff they don't need to save taxes,

or they put all their money back in their business rather than peel it out.

And many of you believe, right?

Your best investment is back into yourself, back into your farm.

I know it!

But it's elusive.

It's deceiving.

It's a trick.

We need to stop the insanity.

The problem is when you go buy something, it's not a dollar for dollar deduction against the tax.

It's a deduction against the gross income.

I've got eight tips for you today.

We're going to talk about the S-Corporation Strategy, the asset protection balance of left, side, right side, and the trifecta.

Number three, for those of you that might be stuck in a C corporation or a mess owning

real estate in a corporation.

Four, we're going to be talking about the transition to the next generation.

Five, overbuying equipment

we don't need. Yes, you know who you are out there. Six, being land rich, cash poor. How did we

get there? How do we get out? Number seven, the estate plan, which is related to the farm

transition. And then number eight, maintaining your entities, having a board of

directors or board of advisors with your family, because business is family, farming is family.

And yes, I'm a Yellowstone fund. And I was going to wear my Yellowstone sweatshirt because I set

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