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<blockquote data-quote="Alberta farmer" data-source="post: 686475" data-attributes="member: 8978"><p>Bez: On the tax deferal thing: It is helpful in a way? If a person has to liquidate a whole herd, even with poor prices, they could be getting a pretty hefty check/taxes...although I guess that would be offset by a reduction in inventory? Not really sure how that works...need to check with accountant.</p><p>Personally I am doing the same as you. I am totally disgusted with both our provincial and federal governments for their short sighted approach to livestock in Canada. Through their stupid policies they get us in these wrecks and then try to forget we even exist!</p><p>If you owned cattle in 2003 you want to make sure you keep the old records of cattle owned and prices recieved. There is a class action suit against the feds for their complete screwup with BSE that somewhere down the road could result in a good payback. A feed company(Ridley) has already settled out of court for $6 million in this lawsuit and that money is being used to sue the Canadian government for $11 billion. Ag minister Ritz has refused to settle and the lawsuit recently got approval to proceed. It might take years but I think we've got them!</p></blockquote><p></p>
[QUOTE="Alberta farmer, post: 686475, member: 8978"] Bez: On the tax deferal thing: It is helpful in a way? If a person has to liquidate a whole herd, even with poor prices, they could be getting a pretty hefty check/taxes...although I guess that would be offset by a reduction in inventory? Not really sure how that works...need to check with accountant. Personally I am doing the same as you. I am totally disgusted with both our provincial and federal governments for their short sighted approach to livestock in Canada. Through their stupid policies they get us in these wrecks and then try to forget we even exist! If you owned cattle in 2003 you want to make sure you keep the old records of cattle owned and prices recieved. There is a class action suit against the feds for their complete screwup with BSE that somewhere down the road could result in a good payback. A feed company(Ridley) has already settled out of court for $6 million in this lawsuit and that money is being used to sue the Canadian government for $11 billion. Ag minister Ritz has refused to settle and the lawsuit recently got approval to proceed. It might take years but I think we've got them! [/QUOTE]
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