# Buying a Farm – "Harvesting the Write-Offs"

Page: https://stenobird.com/podcast/wealth-building-made-simple-936340/buying-a-farm-harvesting-the-write-offs
Text version: https://stenobird.com/podcast/wealth-building-made-simple-936340/buying-a-farm-harvesting-the-write-offs.md
Podcast: [Wealth-Building Made Simple](https://stenobird.com/podcast/wealth-building-made-simple-936340)
Published: 2026-04-10T12:30:00+00:00
Episode link: https://askphillip.phillipwashingtonjr.com/e/buying-a-farm-%e2%80%93-harvesting-the-write-offs/
Audio file: https://mcdn.podbean.com/mf/web/c4k6azkvcaj2btsn/1_Alison-The_Farm8hp0p.mp3
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JSON: https://stenobird.com/v1/public/podcasts/wealth-building-made-simple-936340/episodes/buying-a-farm-harvesting-the-write-offs
Duration seconds: 765

## Resource

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 Equipment and Livestock 9:26 The New American Dream: Owning a Business 10:05 Planning Long-Term Financial Strategies with Bonus Depreciation Powered by ReiffMartin CPA and Stone Hill Wealth Management Social Media Handles Follow Phillip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/ Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tr…

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## Transcript

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