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<blockquote data-quote="Running Arrow Bill" data-source="post: 152301" data-attributes="member: 9"><p>I will have to agree here too. A lot of the specialty cattle breed people are in the registered climate, whatever the breed. As I've said before, registered cattle are sold "per each," not "per pound". Unless a rancher is a 2nd, 3rd, 4th, or 5th generation enterprise, in all probability their set-up and operation was in fact funded by "other" money and/or may be maintained by "other" money. This, however, does not in any way classify them as "hobby" cattle breeders. </p><p></p><p>True, some ranchers (whatever the cattle breed) <em>may</em> have a ranch as a tax write-off (e.g., some sports celebrities, oil barrons, attorneys, physicians, etc.). However, these exceptions are not the grass roots people doing ranching.</p><p></p><p>Probably only the IRS and one's CPA or Bank knows for sure from where and how much one's money for their livestock operation comes from. Others can only speculate and all...</p><p></p><p>I'd venture to say that most ALL Farmers & Ranchers who are still in operation today have SOME OTHER source of funding to supplement their operation (outside income, government subsidies, inherited money, etc.). </p><p></p><p>My guess is that whenever "push comes to shove" that "on the books" very few farmers and ranchers in any given year are actually making any money...they're just moving money around to farm & ranch day by day, month by month. It's a lifestyle, and a heck of a lot better than being on the Goverment Tit as some of the Liberals probably are.</p><p></p><p> :cboy:</p></blockquote><p></p>
[QUOTE="Running Arrow Bill, post: 152301, member: 9"] I will have to agree here too. A lot of the specialty cattle breed people are in the registered climate, whatever the breed. As I've said before, registered cattle are sold "per each," not "per pound". Unless a rancher is a 2nd, 3rd, 4th, or 5th generation enterprise, in all probability their set-up and operation was in fact funded by "other" money and/or may be maintained by "other" money. This, however, does not in any way classify them as "hobby" cattle breeders. True, some ranchers (whatever the cattle breed) [i]may[/i] have a ranch as a tax write-off (e.g., some sports celebrities, oil barrons, attorneys, physicians, etc.). However, these exceptions are not the grass roots people doing ranching. Probably only the IRS and one's CPA or Bank knows for sure from where and how much one's money for their livestock operation comes from. Others can only speculate and all... I'd venture to say that most ALL Farmers & Ranchers who are still in operation today have SOME OTHER source of funding to supplement their operation (outside income, government subsidies, inherited money, etc.). My guess is that whenever "push comes to shove" that "on the books" very few farmers and ranchers in any given year are actually making any money...they're just moving money around to farm & ranch day by day, month by month. It's a lifestyle, and a heck of a lot better than being on the Goverment Tit as some of the Liberals probably are. :cboy: [/QUOTE]
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