And most dryland farmers on this site should be outraged.
1. Irrigation districts were given the infrastructure paid for by taxpayers for free....no tax implications.
2. Irrigators within the districts receive 40 dollars an acre for the next 5 years to help offset the operational costs. That is 200 dollars an acre. with no tax implications.
3. the value of their land has gone up and they didn't pay for any improvements to have the infrastructure to the quarter line.....no tax implications if they sell because they can use capital gains exemptions..
4. If you pull your agri-invest side from the government ...there are tax implications in doing so.
Actually any payment from the government on the dryland farmer is taxed and there is no million dollar per quarter investment from the taxpayer...
Just some food for thought on the difference between farmers in this province.
1. Irrigation districts were given the infrastructure paid for by taxpayers for free....no tax implications.
2. Irrigators within the districts receive 40 dollars an acre for the next 5 years to help offset the operational costs. That is 200 dollars an acre. with no tax implications.
3. the value of their land has gone up and they didn't pay for any improvements to have the infrastructure to the quarter line.....no tax implications if they sell because they can use capital gains exemptions..
4. If you pull your agri-invest side from the government ...there are tax implications in doing so.
Actually any payment from the government on the dryland farmer is taxed and there is no million dollar per quarter investment from the taxpayer...
Just some food for thought on the difference between farmers in this province.
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