Veren Inc T.VRN

God bless farmers

[DivChase]

Straight from revenue Canada website. 

Net Operating Income (NOI) per farm, which is forecast to have increased by 17% in 2023 to $155,000
 

my comments:
Anyone who considers that big money is a laugh and a half.  They deserve to preserve as much capital appreciation as possible.   Some years make nothing or take a loss at the mercy of the weather.  If you think they can buy a million dollar combine on 155k in a good year, you need a doctor to check your head. It's all leased, rented or contracted.  

packer!  Your defence of shameless Mr black face  and outright disregard for the people who struggle to feed us, tells us a lot about what kind of 'person' you are.  Shameless as Mr blackface. Here is advise for you.  You don't need to post here just because you own VRN.  You have the right to, but do yourself and all of us a favour already.

[Moemoney42]

Exactly DivChase.. packer thinks all you have to do is use a calculator, ignore all the perils and costs of farming and voila.. you're a millionaire.. easy peasy..!  Thats why so many of their children left the farm for better opportunities.. and why shouldn't they have a million + when they retire? They work hard for it.. not like packer that picked up his gov't cheque every 2

[Moemoney42]

Hell if it was that easy to become a millionaire farming, I'd have stayed on the farm too..!! Dad (RIP) surely didn't make it to millionaire status... and it certainly wasn't from lack of effort, that I can guarantee you.. heck I've dealt with farmers all across western Canada for work, and very few of them acutally retired as millionaires 

[packerdriver]

Well I guess they didn't pay a lot in capital gains taxes then, did they? Let's forget about farmers, fishermen, doctors and the like who get the one time 1.25 million exemption from ANY capital gains tax. Let's all take up the cause of those poor RE investors who buy a condo to put on AirBnB.....and then after a few years are faced with a capital gains tax bill when they sell the

[DivChase]

Jeeze man.  No one said capital gains taxes should be eliminated did they??   

[packerdriver]

Well, they are 15% (a little less actually) for that farmer example with a 4 million capital gain.... They are 15.8% of a 340k capital gain reported by a worked who makes 117k at his job.... If that worker took the year off from his job...he'd pay 11% of his 340k capital gain... That's the federal tax... Everybody seems to be outraged at capital gains tax rates.....so how much less do you

[fishcarrier]

Packer, why should a farmer not get an exemption from capital gains when he sells his farm (limit 1 M). If you bought a house 40 years ago, you would be exempt from paying cap. gains too. And that would be quite a high number as well. 

[TheBridge]

Does the farmer not get an exemption on the value of the house on the farm if he actually resides on the farm?

[Red_Deer]

YES the Farmer DOES Get the PRINCIPAL RESIDENCE Exemption as We ALL DO

[fishcarrier]

Yes, he does, plus a very major exemption on the land because of the cap. gains exemption to 1M $

[packerdriver]

Simple answer: Because he operates a business called A FARM. The house and a certain amount of land could be considered his residence and be tax exempt....I guess...but the farm is a "small business" so it already has a 1.25 million exemption from ANY tax (was 1 million before June 25)..... Forget about farmers! I know a guy that has owned a house for 40 years on ten acres....he wanted

[NobleHouse]

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