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Cattle Boards
Breeding / Calving Issues
2018 Fifth Calf - Cowboy - YIKES
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<blockquote data-quote="Bright Raven" data-source="post: 1526785" data-attributes="member: 27490"><p>The profit potential has been captured. It will be converted to cash when I sell the farm and disperse the herd. My farm was undeveloped and neglected when I bought it. I purchased a 2005 Cat D3G LGP dozer, gave the farm a face lift, and sold it for $500 less than I paid after putting 1600 hours on it. Best capital purchase I have made in the entire enterprise. I have invested in fences, buildings and facilities. I had the farm appraised last year. It has tripled in value. I have grown the herd. There is value on the hoof that can be converted to cash at dispersal assuming there is not a catastrophic loss of some kind.</p><p></p><p>Annual profits are impossible because of the amount of investment I can depreciate on an annual basis. But in the end, the IRS is going to get a nice capital income tax windfall.</p></blockquote><p></p>
[QUOTE="Bright Raven, post: 1526785, member: 27490"] The profit potential has been captured. It will be converted to cash when I sell the farm and disperse the herd. My farm was undeveloped and neglected when I bought it. I purchased a 2005 Cat D3G LGP dozer, gave the farm a face lift, and sold it for $500 less than I paid after putting 1600 hours on it. Best capital purchase I have made in the entire enterprise. I have invested in fences, buildings and facilities. I had the farm appraised last year. It has tripled in value. I have grown the herd. There is value on the hoof that can be converted to cash at dispersal assuming there is not a catastrophic loss of some kind. Annual profits are impossible because of the amount of investment I can depreciate on an annual basis. But in the end, the IRS is going to get a nice capital income tax windfall. [/QUOTE]
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2018 Fifth Calf - Cowboy - YIKES
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