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Life On & Off My Farm - Life Changes


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#6811 KennyP ONLINE  

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Posted December 02, 2015 - 06:40 PM

Glad it is working well for you, Daniel! Good to hear the Dr. gave you a good report.


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#6812 Texas Deere and Horse OFFLINE  

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Posted December 02, 2015 - 08:18 PM

Great news from the Dr. Daniel. That hoe should really dig now.
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#6813 olcowhand ONLINE  

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Posted December 02, 2015 - 08:46 PM

Late tomorrow afternoon I'll find out more as to how tax time will hit me this year from the sale of the herd, plus the tax costs to transfer the tract of land & home to my son's name.  Nervous, but it will be what it will be.  May not be as bad as I fear, could be worse, and may not be too bad at all, but not knowing has been stressful, so either way it will be good to know so I can forge ahead.


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#6814 TAHOE ONLINE  

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Posted December 03, 2015 - 08:10 AM

  This is a stock B43G with 18hp, not 20hp as I said before.

 

 

I thought the 43G was a 16 Hp and the 46M was the 18Hp?

 

Glad you got it working and also your blood numbers are good.


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#6815 KennyP ONLINE  

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Posted December 03, 2015 - 08:30 AM

I thought the 43G was a 16 Hp and the 46M was the 18Hp?

 

Glad you got it working and also your blood numbers are good.

This is in the Service manual for these engines.

B43G horsepower.JPG


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#6816 TAHOE ONLINE  

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Posted December 03, 2015 - 12:27 PM

This is in the Service manual for these engines.

attachicon.gifB43G horsepower.JPG

 

Well, they make that confusing, I have a B48M that's only rated at 18. I always thought the 43's were 16 hp, guess it also depends on the letter afterwards.


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#6817 KennyP ONLINE  

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Posted December 03, 2015 - 01:52 PM

The M's are different than the G's. I think it's the cam that changes things.


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#6818 olcowhand ONLINE  

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Posted December 03, 2015 - 01:55 PM

The M's are different than the G's. I think it's the cam that changes things.

Camshaft and carb differences.
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#6819 olcowhand ONLINE  

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Posted December 03, 2015 - 05:48 PM

Well, the tax verdict is in....I will survive!  I have a lot to get done before January 1st, but it'll get done.  I will have enough money left to survive and pay all the insurance bills due come the first of the year.  I will have some extra debt left, but from pre-paying some fertilizer, and buying some needed shop items & such which will save me on taxes.  The savings on taxes will pay a good hunk of the purchases.   The first sale of heifers will cover the debt and then some.  Next year tax time will be much simpler than this go round.  The land transfer taxes causes a huge complicated mess too involved to try to explain.  But I know I will survive financially, so maybe come the new year I will be better able to relax.


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#6820 toomanytoys84 OFFLINE  

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Posted December 03, 2015 - 06:18 PM

Glad it's all working out
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#6821 KennyP ONLINE  

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Posted December 03, 2015 - 06:24 PM

That's good news to hear, Daniel! Hope the stress level just backed down a few notches!



#6822 olcowhand ONLINE  

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Posted December 03, 2015 - 06:35 PM

That's good news to hear, Daniel! Hope the stress level just backed down a few notches!

Some, but lots of numbers yet to crunch and a plan put to action.  All has to be done before this year is over...which isn't long.


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#6823 HDWildBill OFFLINE  

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Posted December 04, 2015 - 11:22 AM

Don't you just love all the waiting around then suddenly everything has to be done in a short time?  I hope all works out for you in the long run. :thumbs:


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#6824 olcowhand ONLINE  

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Posted December 04, 2015 - 11:50 AM

The good thing is I can go ahead & buy my new 12' section of roofing over the new shop & all needed trim/screws, a 2 post car lift, a lift table, some needed lumber/etc to do barn repairs and some other smaller items.  The savings on taxes will pay for around 20% of what's spent.  The bad thing is I really don't like spending what I don't have at the moment, but come March I can pay the balance off when I sell some heifers.  My CPA told me that next year it won't benefit me much at all to make these purchases due to farm operating profits will be slim to none on paper, possibly in reality.  I wanted these things of course, but not just yet.  But saving 20% is major and I can't really afford to pass this opportunity up.

  With my body not able to do nearly as much as I used to, thee lifts will make life easier, and may lead to making more extra cash from shop work.  I have to set myself up in a good way while I still can.


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#6825 olcowhand ONLINE  

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Posted December 04, 2015 - 12:11 PM

I know, I know....sounds like problems everyone would like to have, but truthfully I don't like spending this money even for such nice things to have and can use.  I'd not stress over it if I had the cash to pay for this stuff immediately, but with the last 13 months being what it's been, the uncertainty gets to me.  If it were just me, then I'd not stress at all, but I have Teresa and my parents to provide for, so that changes things.  Lots of bills to pay, but once I start working for my local Co-op and I see I can handle it, then things will really smooth out in my mind.  Yeah, I worry too much.


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