A farm shouldn't be making profit if it wants to be tax efficient, why pay out tax when you can re-invest in your equipment/stock etc. even a minor loss isn't to bad if your intention is to offset it in the coming years. (dont quote me mind im no tax guru)
just learned Gerald is the old contract farmer that is retiring! if reddit is to be believed!
No one listens these days! In esp 1 he said the old farmer was called Howard