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up on the family farm and worked on it during his childhood
through his college years. Petitioner assumed greater
responsibility for maintaining the family farm during his
adolescence because of his father’s declining health. Petitioner
worked with livestock and row crops. The family farm was
“running 100 bushel of corn to the acre” under petitioner’s
stewardship, a prodigious result.
Since 1977, petitioner has worked as an attorney and CPA in
the Salem area. Many of petitioner’s clients are farmers.
Petitioner is a hard-working individual and has been financially
successful as an attorney and CPA, his chosen professions, which
he enjoys. Petitioner worked approximately 2,800 to 3,100 hours
per year in those professional occupations in each of the years
at issue.
The Family Farm
Petitioner’s mother owned the family farm until her death in
April 1992. The family farm consisted of approximately 38 acres
of tillable bottom land, 35 to 40 acres of pasture, a 20-acre
timber stand, and a dwelling. The timber stand consisted
primarily of black walnut and white oak trees at different stages
of maturity. Both types of trees can produce revenue for a
landowner. Premature trees can be thinned and sold as pulpwood,
and mature trees can be harvested for board wood (lumber). From
the time a sapling is planted, it will be 50 years before the
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