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“Last year, California’s agricultural output value was about 51.1 billion US dollars, accounting for 13% of the US agricultural output value, and the agricultural output value of Basefield reached 8.5 billion US dollars…”

“62% of the US vegetarian vegetables are produced in California. The arable land of Meridian Farm and Alvin Farm used to grow corn and potatoes, with an output value of 450-550 US dollars per acre. I suggest that starting from this year, some arable land can be used to grow vegetables such as lettuce, tomatoes, and asparagus…”

“Although vegetable crops require more water and labor costs, the output value per acre can reach more than 850 US dollars…”

“California’s milk accounts for 1/5 of the US milk production, The pasture of Rock Farm has expanded by 2,800 acres, and the number of dairy cows has reached 7,500, which can produce 75,000 tons of milk every year, and 3,000 grass-fed Angus cows…”

“The output value of the orchard and the farmhouse will not change…”

“The California government’s annual compensation for agricultural taxes, insurance, natural disasters, etc. is 15%…”

“In the future, the output value of Rock Farm will exceed 20 million US dollars per year, with a gross profit of 65% and a net profit of about 35%…”

“…”

When Rock heard about the output value and profit of the farm in the future, he was stunned.

This is a large farm of 13,570 acres, and the output value is so little in a year, and the profit is only about 7 million.

What’s the point of this!

It turns out that there is no future in farming and herding cattle!

Li Bo hesitated for a moment and said, “There are 6 leaf plantations at Hubble Farm, which can provide about 1.5 million US dollars in net profit every year…” Henry said in amazement, “No wonder William Horton put all his thoughts on the leaf plantation. It’s too profitable!” “…” Jester frowned. He had said before that Locke Farm does not grow leaves. Others also hesitated. It would be a pity to give up such a high profit. Marian glanced at Locke and knew Li Bo’s attitude towards drugs better. A hint of determination flashed in her eyes, “Todd…” Li Bo said helplessly, “The 6 leaf plantations at Hubble Farm have signed a three-year supply contract with Merck Pharmaceuticals. There is still one and a half years left in the contract. If we break the contract, we will face a high penalty. Therefore, we have to continue to operate these 6 leaf plantations…” “…” Marian’s expression froze. As a lawyer, she knew too well the power of the pharmaceutical giant Merck, and had to swallow the words that came to her lips. Jester said in a deep voice: “Then continue to operate it, and shut it down when the contract ends. I will keep my promise that the Locke family will not touch drugs!”

Li Bo’s expression relaxed, and he turned to Locke and asked: “What are you going to do with Hubble Manor?”

Locke glanced at his grandfather. Since his father asked this, it means that his grandfather did not plan to move to Hubble Manor, even though it was several times larger than the stone villa on Locke Farm.

Yes, even if Americans are not particular, they still taboo the extermination of the family. The Hubble family was exterminated!

He asked, “I don’t have any ideas, maybe we can use it as a family vacation villa in the future…”

Li Bo glanced at his wife and said, “I heard from your mother that you plan to entertain your colleagues at Hubble Manor this time. This gave me inspiration!”

“Perhaps, we can develop Hubble Manor into a resort…”

“Lebec has always attracted a large number of tourists from Los Angeles or Santa Clarita on weekends, but there are relatively few hotels and inns in Lebec. After these tourists finish their stay, they either go back overnight or have to drive to Besquefield for accommodation…”

“Therefore, there should be a good chance to convert Hubble Manor into a resort. You know, there are Fraser Park, Lake of the Woods, Pinion Pais Manor and other attractions nearby…”

“Hubble Manor is built in the beautiful Cas Near Tucker Lake, there are more than ten independent villas in the manor, which are perfect for converting into a resort…”

Around Lebec

“…”

Henry Locke frowned and said, “But we have no experience in operating a resort?”

Li Bo smiled and said, “The management can be directly handed over to a professional resort management company. They usually charge a management fee of 15%-20%…”

Marianne kissed him on the face directly, “Dear, you are such a genius. I am worried that Hubble Manor will be abandoned!”

Glenn Locke nodded and said, “Lebec is indeed in need of a hotel!”

“It’s really a good idea!”

Jester also praised and said to Locke, “Remember to tell the Greenberg family about this!”

The Hubble Manor was given to Locke by the Greenberg family, and it is indeed necessary to say hello as a courtesy.

Then Li Bo talked about the establishment of the Locke Family Charity Fund. The establishment of a charity fundJin’s main purpose is to avoid taxes.

Although Jester has always said that Locke will inherit the farm in the future, when that day comes, the assets of Locke Farm will be halved, because the inheritance tax in the United States is as high as 45%.

Why do American tycoons establish family charitable foundations? Because this is a tax avoidance method that capital has come up with.

Evade personal income tax, inheritance tax, gift tax, etc.

For example, Locke Farm, as long as Jester Locke donates Locke Farm to the Locke Family Charitable Foundation, the farm can be passed on to Locke intact.

Because the managers of the charity fund can be passed down from generation to generation.

The charity foundation hires members of the Locke family as consultants for the charity fund, and then pays everyone a salary. The son of the charity fund is tax-free.

More importantly, all investments under the name of the charity fund are also tax-free.

The stock god “Buffett” has made a profit of 24.3 billion US dollars in five years, but he only paid 23.7 million US dollars in taxes, with a tax rate of only 0.1%. It can be seen that this tycoon has played a trick to avoid taxes.

Following closely behind is Amazon boss Jason Bezos, whose tax rate is only 0.98%. His wealth increased by 99 billion US dollars, but he only paid 970 million US dollars in taxes.

However, the US government stipulates that charitable funds need to donate 5% of their fund assets to charity every year, which may be the origin of the name of the charitable fund.

After the meeting, Jester specifically kept Locke. He patted the sofa where Glenn had sat before, motioning Locke to sit over.

After Locke sat down, he said in a deep voice: “Locke, I know your worries very well, but I didn’t see anything unusual from Ronald. I called him early yesterday morning and asked about the murder of Susan Hubble’s family. He admitted that he did it!” Locke was stunned for a moment and smiled: “It seems that he trusts you very much!” Jester exhaled a puff of smoke, “Ronald is very smart, he knows that he has to trust me!” Locke nodded and said: “Don’t worry, Grandpa, I already know your plan, I won’t do it this time…” Jester turned his head to look at Locke, his expression calm, “If you have the chance, you can still do it. But you’d better wait until they have a conflict…” “Grace told me that Tim Reynolds is going back to Lebec!”