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
Profit made off of cattle !
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="Sir Loin" data-source="post: 428683" data-attributes="member: 5601"><p>Arnold,</p><p>Re:</p><p></p><p></p><p>The first think we have to agree on is "you can't raise cattle without land", period case closed.</p><p>Second, if you rent or lease land of course it is an expense and should be carried as a yearly expense.</p><p></p><p>Now start humming the "Green Acres" theme song.</p><p>Ok, so you want to get out of the big city and the farm life is where you want to be. No problem, just buy a farm.</p><p></p><p>So you find 55 acres with the exact 4 bedroom, 3 bath two story your wife has dreamed of owning. Complete with a pool and tennis court and a 4 car garage. So you pay the $300,000 asking price that you can afford because you and your wife both have a $70 per year job and to keep the ag exemption and make a little chump change on the side you decide to run cattle.</p><p></p><p>Now there are several ways to set the expense of the land that you must have if you run cattle.</p><p>1. Contact three realtors and ask them what you could rent or lease raw land for on a long term basis. Say for 5 years.</p><p>2. Record the date, their company names, addresses and phone number and the person you spoke to, for future reference as they are expert witnesses if a question should ever arise.</p><p>3. Average the three. If it comes out to say $4.00 per acre that is what you expense. $4.00 per acres X the number of acres, "USED TO RAISE THE CATTLE only". This does not include the 5 acres your house. Pool, tennis court and garage sits on and the area you use for your use. AKA the lawn.</p><p>So now we are talking about 50 acres, not 55.</p><p>$4.00 X 50=$220.00 per year That is the fair market rental or lease value of your land.</p><p></p><p>Now I will stop there in case you have any question on this method.</p><p>SL</p></blockquote><p></p>
[QUOTE="Sir Loin, post: 428683, member: 5601"] Arnold, Re: The first think we have to agree on is “you can’t raise cattle without land”, period case closed. Second, if you rent or lease land of course it is an expense and should be carried as a yearly expense. Now start humming the “Green Acres” theme song. Ok, so you want to get out of the big city and the farm life is where you want to be. No problem, just buy a farm. So you find 55 acres with the exact 4 bedroom, 3 bath two story your wife has dreamed of owning. Complete with a pool and tennis court and a 4 car garage. So you pay the $300,000 asking price that you can afford because you and your wife both have a $70 per year job and to keep the ag exemption and make a little chump change on the side you decide to run cattle. Now there are several ways to set the expense of the land that you must have if you run cattle. 1. Contact three realtors and ask them what you could rent or lease raw land for on a long term basis. Say for 5 years. 2. Record the date, their company names, addresses and phone number and the person you spoke to, for future reference as they are expert witnesses if a question should ever arise. 3. Average the three. If it comes out to say $4.00 per acre that is what you expense. $4.00 per acres X the number of acres, “USED TO RAISE THE CATTLE only”. This does not include the 5 acres your house. Pool, tennis court and garage sits on and the area you use for your use. AKA the lawn. So now we are talking about 50 acres, not 55. $4.00 X 50=$220.00 per year That is the fair market rental or lease value of your land. Now I will stop there in case you have any question on this method. SL [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Profit made off of cattle !
Top