Fearless Faith
What to do with obsolete
July 20, 2023
It was a perfectly good building in its day, six bays of finishing barn plus liquid manure handling capability. Sturdy, practical, and not too far off from today’s standards, the structure was bound to outlast the enterprise it supported. The dilemma that remains for subsequent owners is what to do with a white elephant. Since it is no longer part of a farming operation, every dollar spent on it is simply wasted money when it comes to deductibility. Nothing carries over. The most common awareness of cash flow for many people is a paycheck deposited in the bank every payday coupled with...
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