Better Management through Better Records
As you may know, the Internal Revenue Service (IRS) is now known to take a closer look at cattle ranches to determine if they are really being operated as a profit-oriented business or just as a way to generate losses. John Alan Cohen, a lawyer … [Read more...]
Sometimes it's tough to step back from the day-to-day ranching activities to re-evaluate management decisions and purchasing habits, but it's now a necessity to remain in the cattle business. Dr Ron Gill, AgriLife Extension beef cattle specialist, … [Read more...]
With fall calving time just around the corner, now is the time to get supplies together, including custom ear tags. Whether you just want numbers only printed on them, or you want to include a ranch name/logo or even your contact information, … [Read more...]
Chuck and Peggy Johnston, who own Two J Farms in Sarasota County, Florida, were recently recognized by the United States Department of Agriculture's stewardship program. In the feature, Chuck mentions using the CattleMax software "on a laptop … [Read more...]
As the economic recession eases, cattle prices have been on the rebound. Purdue University ag economist Chris Hurt says "The 2010 prices may average about $93, dramatically above the $83 of 2009. Prospects for 2011 should remain strong as well, … [Read more...]
Keeping complete cattle records is key to Grazing Meadows Wagyu, owned and operated by Tim and Donna Prior in Brussels, Ontario, Canada. Tracking the full history of their cattle in CattleMax helps them meet the traceability requirements for food … [Read more...]
I was sitting next to a fellow at a recent cattle sale and he leaned over and asked, "What do you do with cull cows?" It just so happened, the week before I had hauled a couple of cull cows to a packer who buys culls. I guess we're lucky in this … [Read more...]
Wondering about the importance of your cattle records to the IRS? John Alan Cohan explains that the IRS is continuing to take a closer look at farm records, and even your management practices as they relate to expenses. For example, Cohan says "The … [Read more...]
Whether you have a large cattle herd that is your full-time job or just a few cows as a part-time venture, it's important to treat your farm or ranch operation as a business. Jeri Donnell with The Noble Foundation outlines the benefits and the … [Read more...]
Here it is nearly Christmas and most of us have a hard time believing the end of the year is almost here! And, with the end of the year, tax time is not far behind. Are you one of those who dread this time of year because it means you have to begin … [Read more...]
Recent Comments