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Valuing family drawings and your management: Why should your management be valued in your farm business? (fact sheet)

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Farmers often sacrifice personal income so money can stay in the farming business to fund working capital requirements... Since the expense item is not tax deductible and is not required by the accountant in order to complete the farm's tax assessment, this major expense is not necessarily recorded... Although debt free, this farm did not grow in the 30 years it was managed by his father...