ANGUS BEEF BULLETIN EXTRA

September 20, 2022 | Vol. 15 : No. 9

Management


Tax question

Flexible Leases

Rental rates that flex with the cattle market offer benefits to both producer and landlord.

Many stockmen lease summer pasture, and the cost is usually based on a per-pair, per-month basis. If calf prices are high enough to cover this part of the annual expense of keeping a cow, this usually pencils out for the producer to have a profit when the calves are sold. If yearling prices are high enough, the same applies for a stocker operation.



First-of-its-kind Stockmanship Challenge

A new way of thinking leads to a new type of competition.

Occasionally someone comes along with ideas or observations that change the way people do things. Sometimes they change the face of an industry. Bud Williams was one of those people. His unique cattle-handling methods are now being adopted by a growing number of folks in the cattle industry.

Gizmos & Gadgets

Products for use on farms, ranches and feedlots.

This month’s new product features include an antimicrobial for the treatment of bovine respiratory disease (BRD), renewed availability of a herbicide, a new lineup of hay equipment, new technology to reimagine how small-square balers operate and a new series of manure spreader.



September 7, 2022 | Vol. 15 : No. 9

What are Tax Implications for 1031 Exchange?

It’s possible to avoid paying capital gains taxes when trading property.

Agriculture tax rules are complex and constantly changing. One rule that’s often not fully understood is the 1031 exchange. Under Section 1031 of the United States Internal Revenue Code, a taxpayer may defer recognition of capital gains and related federal income tax liability on the exchange of certain types of property. In real estate, a 1031 exchange allows you to avoid paying capital gains taxes when you exchange one business or investment property for another business or investment property of equal or greater value.


Four Estate Planning Mistakes to Avoid

Setting up the transfer of your estate is too important to let mistakes happen. Prevent those with these tips.

It is common to overlook elements of an estate plan, and the consequences can mean your wishes aren’t carried out. Here are frequent estate planning fails and the easy fix for each.

Training Helps Calves Adjust to Weaning, Feedlot

Veterinarians explain the value of preconditioning calves.

Anyone who is starting a new job must be trained to avoid problems. Training will help them compete and do their best work. In much the same way, beef cattle need to be prepared before heading to the feedlot to be fed.