Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
Different Theories
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="redangus" data-source="post: 34890" data-attributes="member: 427"><p>I would go to farm credit and borrow the money and buy as many as you can now. The prices are still high, but the money is still cheap..about 5.5%. Buy bred cows or 3 in 1s late in the year. If you have the income, you can file a section 179 on your taxes and get about 30% of the money borrowed right back when you get your income taxes back. You can borrow $20,000 and get $6000 back in 5 months. Then you can pay more when your calves are ready to wean. </p><p></p><p>You can probably buy 25 bred cows for 20K. Pay the $6000 when you get your income taxes back (if you pay much in taxes) and then pay another 10K when you sell your calves. Within a year, you can have 80% of it paid off! </p><p></p><p>If you don't make much money, you can spread the depreciation out over 3-5 years. The great thing about the cattle business is that everything is tax deductible.</p></blockquote><p></p>
[QUOTE="redangus, post: 34890, member: 427"] I would go to farm credit and borrow the money and buy as many as you can now. The prices are still high, but the money is still cheap..about 5.5%. Buy bred cows or 3 in 1s late in the year. If you have the income, you can file a section 179 on your taxes and get about 30% of the money borrowed right back when you get your income taxes back. You can borrow $20,000 and get $6000 back in 5 months. Then you can pay more when your calves are ready to wean. You can probably buy 25 bred cows for 20K. Pay the $6000 when you get your income taxes back (if you pay much in taxes) and then pay another 10K when you sell your calves. Within a year, you can have 80% of it paid off! If you don't make much money, you can spread the depreciation out over 3-5 years. The great thing about the cattle business is that everything is tax deductible. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Different Theories
Top