The WealthAbility Show
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The WealthAbility Show #140 - Ranching & Farming w/ Kacy Atkinson [5/7 Series]

The WealthAbility Show #140 - Ranching & Farming w/ Kacy Atkinson [5/7 Series]

4/27/2023 1:51:32 PM   |   Comments: 0   |   Views: 123

Ranching & Farming [5/7 Series]

Have you considered the benefits of investing in agriculture? Could it be something you’d enjoy building for your family, small business, or during your retirement? In this episode, Kacy Atkinson joins Tom in exploring the world of ranching & farming, what it means to be sustainable and responsible, and how to navigate the highs and lows of your family ranch.


Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/


00:00 – Intro
03:12 – What does a year look like in the cattle ranch business? What are the 3 different phases?
08:04 – What are the challenges and risks to expect throughout the year?
14:30 – What can and can’t you do when it comes to managing wildlife and predators?
16:00 – What is the biggest risk?
19:20 – Kacy corrects the top 2-3 pieces of misinformation.
23:46 – What is the threat to agriculture from estate tax and wealth taxes? How can you navigate the tax bill to protect yourself? And why is a good estate plan so important?
30:30 – How do ranchers and farmers work toward sustainability? What does “organic” truly mean?
35:17 – How important is it to produce agriculture within the US versus importing food from other countries? Why is it important to continue to import?

Looking for more on Kacy Atkinson?

Website: https://kacyatkinson.com/
Instagram: @10milespastnowhere

 

Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/

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 Resources

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Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility®
https://wealthability.com/ Sign up for Tom’s Free Weekly Report
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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.

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