Buying a Farm – "Harvesting the Write-Offs"
From Wealth-Building Made Simple by Phillip Washington Jr.
April 10, 2026 · 13 min · Episode 1277
About this episode
The episode discusses tax strategies and benefits for farm investors, focusing on depreciation and cash flow improvement.
Key Takeaways: Use Tax Tools to Improve Cash Flow: Section 179 and bonus depreciation allow farm investors to write off equipment costs right away. This can free up cash and support business growth. Know What You Can Depreciate: Land cannot be depreciated, but things like equipment and buildings (such as barns) can. Planning ahead helps you get the most tax benefit. Think Long Term With Depreciation: Tax strategies should match your long-term plans. Consider how selling assets later could affect your taxes. New Funding Opportunities Are Growing: Private lending is becoming more common again. This can create new ways for entrepreneurs to invest in areas like agriculture. Farming Adds Real Value: Owning and running a farm isn’t just about profit. It also supports food systems and contributes to the well-being of communities and the environment. Chapters: Timestamp Summary 0:00 Investing in Farms and Tax Benefits with Section 179 2:00 Leveraging Assets and Bitcoin for Wealth Management Opportunities 3:07 Tax Benefits and Equipment Needs for Small Farm Owners 4:45 Understanding Depreciation Benefits and Trade-Offs for Farmers 7:09 Understanding Depreciation Strategies in Farming…
People in this episode
Host: Phillip Washington Jr.
Topics covered
- tax benefits
- farm investment
- depreciation
- cash flow
- private lending
- long-term planning
Keywords
- tax tools
- Section 179
- bonus depreciation
- farming
- equipment costs
- private lending
- long-term strategies
Sponsors
ReiffMartin CPA, Stone Hill Wealth Management
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