You can only have 'loss' years if you truely are running the farm as a business and trying to make a profit.
If you show a farm profit 3 of 5 years, no one bothers you.
It is common for a business to lose money the first 5 or so years until you get established, and the big capitol purchases get paid down. So you rarely get bothered at the beiginning.
But if you continue to show losses, they start to wonder if you are just sheltering your other income by investing it in these perpetual farm losses..... Then it is up to you you are trying to run the farm as a business & working to make a profit. Bad weather, expansion costs, etc can be shown to prevent you from making a profit. But, it is up to you to prove this is a for profit buisness venture. If you buy a $45,000 tractor for a 5 acre corn plot, think you are in trouble. :) :) There needs to be resaonable expectation of profit from the venture.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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