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<blockquote data-quote="Anonymous" data-source="post: 6926"><p>> The only way to make a profit is</p><p>> to spend less than what you sell.</p><p>> That means you have to know cost</p><p>> of production and then be able to</p><p>> estimate reasonable income.</p><p></p><p>> Sometimes spending less will</p><p>> generate less income, and</p><p>> sometimes spending less will</p><p>> benefit you.</p><p></p><p>> Unfortunately there are no</p><p>> garanteed ways to make money with</p><p>> cattle. One of the most popular</p><p>> ways right now is to get an ag</p><p>> exemption (only in the States)</p><p>> because of owning cattle. You</p><p>> don't really make money with the</p><p>> cattle, at least not right away,</p><p>> but the taxes saved can be</p><p>> substantial. Then again I know of</p><p>> some who went after the ag</p><p>> exemption and actually paid more</p><p>> tax because the gov't found out</p><p>> they had other assets.</p><p></p><p>> Jason Trowbridge Southern Angus</p><p>> Farms Alberta Canada</p><p></p><p>Lower taxes is not money made it is less money taken from you for pork spending, waste, and social programs.</p><p></p><p>The last farm bill (Democrat pushed and Republican signed)past was a travesty. Farmers are now the largest welfare recipients in the nation and it went to the largest producers.</p><p></p><p>Tod</p></blockquote><p></p>
[QUOTE="Anonymous, post: 6926"] > The only way to make a profit is > to spend less than what you sell. > That means you have to know cost > of production and then be able to > estimate reasonable income. > Sometimes spending less will > generate less income, and > sometimes spending less will > benefit you. > Unfortunately there are no > garanteed ways to make money with > cattle. One of the most popular > ways right now is to get an ag > exemption (only in the States) > because of owning cattle. You > don't really make money with the > cattle, at least not right away, > but the taxes saved can be > substantial. Then again I know of > some who went after the ag > exemption and actually paid more > tax because the gov't found out > they had other assets. > Jason Trowbridge Southern Angus > Farms Alberta Canada Lower taxes is not money made it is less money taken from you for pork spending, waste, and social programs. The last farm bill (Democrat pushed and Republican signed)past was a travesty. Farmers are now the largest welfare recipients in the nation and it went to the largest producers. Tod [/QUOTE]
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