Horse, you also make some valid points. The tax rules catch up with some because you do have to be seen to be trying to make a profit and as emrald as said, there are restrictions when it comes to off farm income and how much of a loss you can claim. I do know that there are those who know how to get around these things, but eventually some of them do have to pay the piper.
How do you see there being a differentiation between a bona fide farmer and one who is using it as a sink farm as you call it? At what point is there a cut-off i.e. based on number of head, land owned, crops harvested, number of hours spent doing farm work? That is something that I think would be quite a challenge to determine.
How do you see there being a differentiation between a bona fide farmer and one who is using it as a sink farm as you call it? At what point is there a cut-off i.e. based on number of head, land owned, crops harvested, number of hours spent doing farm work? That is something that I think would be quite a challenge to determine.
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