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
Non-Cattle Specific Topics
Every Thing Else Board
Handling Facilities
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="eric" data-source="post: 18169" data-attributes="member: 7"><p>I think it really depends on your location. Most of the drawbacks concern having to buy your land and all your equipment. Land close to the city is becoming very expensive, but the same land can be leased for much less, especially if you find an owner with a large tract of land and you can convince him that he can save quite a bit of $$ in taxes by letting his land becomed zone agricultural usage. I own 18 acres just N of Dallas, land in this area is very expensive....can I ever make enough off my 6 cows to pay for this land? No, but I would live here anyway because my business is in Dallas and my kids really like the schools here. That being said, I am also trying to keep as much of my money in my pocket as I can, so by raising a few cows my land stayed zoned ag instead of residential, thereby saving me close to $10k in taxes each year! I have quite a few neighbors on 5 acre tracts that would love to have someone put a horse or a couple of cows on their pasture land in exchange for the tax savings. So dont let anyone talk you out of raising cows if there is anyway you can afford to. I have gotten immense pleasure the last couple of months just watching / interacting with our cows, the wife and kids hand feed them and they are pretty much pets at this point. </p><p>To tie this all in with the subject, as I recall, D R is leasing some land from a landowner for a good price in exchange for the tax writeoff, he just has to spend a small fortune putting a fence around the place.</p></blockquote><p></p>
[QUOTE="eric, post: 18169, member: 7"] I think it really depends on your location. Most of the drawbacks concern having to buy your land and all your equipment. Land close to the city is becoming very expensive, but the same land can be leased for much less, especially if you find an owner with a large tract of land and you can convince him that he can save quite a bit of $$ in taxes by letting his land becomed zone agricultural usage. I own 18 acres just N of Dallas, land in this area is very expensive....can I ever make enough off my 6 cows to pay for this land? No, but I would live here anyway because my business is in Dallas and my kids really like the schools here. That being said, I am also trying to keep as much of my money in my pocket as I can, so by raising a few cows my land stayed zoned ag instead of residential, thereby saving me close to $10k in taxes each year! I have quite a few neighbors on 5 acre tracts that would love to have someone put a horse or a couple of cows on their pasture land in exchange for the tax savings. So dont let anyone talk you out of raising cows if there is anyway you can afford to. I have gotten immense pleasure the last couple of months just watching / interacting with our cows, the wife and kids hand feed them and they are pretty much pets at this point. To tie this all in with the subject, as I recall, D R is leasing some land from a landowner for a good price in exchange for the tax writeoff, he just has to spend a small fortune putting a fence around the place. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Every Thing Else Board
Handling Facilities
Top