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<blockquote data-quote="Anonymous" data-source="post: 5400"><p>What are the tax savings to raising beef?</p><p></p><p>> Now is that fair? What other hobby</p><p>> is required to break even? Bass</p><p>> fishing, snow skiing, bird</p><p>> hunting, knitting, shopping?</p><p>> Seriously though, are you keeping</p><p>> good records so you actually know</p><p>> what the cattle cost/earn? Have</p><p>> you considered the tax benefits of</p><p>> raising cattle? Feeding your own</p><p>> animals and selling direct to the</p><p>> consumer might be your best bet,</p><p>> but it takes time to develop a</p><p>> market. My suggestion would be to</p><p>> feed them out yourself. Most</p><p>> states have some sort of retained</p><p>> ownership program for small cattle</p><p>> producers. In Oklahoma it's called</p><p>> the OK Steer feedout; Texas A&M</p><p>> runs the Ranch to Rail Program in</p><p>> Texas. Costs vary from program to</p><p>> program, but you sell the finished</p><p>> animal to the packers on a grid</p><p>> basis. That might or might not be</p><p>> a good thing, but it is a learning</p><p>> experience. Good luck....</p><p></p><p> <a href="mailto:kopac94@hotmail.com">kopac94@hotmail.com</a></p></blockquote><p></p>
[QUOTE="Anonymous, post: 5400"] What are the tax savings to raising beef? > Now is that fair? What other hobby > is required to break even? Bass > fishing, snow skiing, bird > hunting, knitting, shopping? > Seriously though, are you keeping > good records so you actually know > what the cattle cost/earn? Have > you considered the tax benefits of > raising cattle? Feeding your own > animals and selling direct to the > consumer might be your best bet, > but it takes time to develop a > market. My suggestion would be to > feed them out yourself. Most > states have some sort of retained > ownership program for small cattle > producers. In Oklahoma it's called > the OK Steer feedout; Texas A&M > runs the Ranch to Rail Program in > Texas. Costs vary from program to > program, but you sell the finished > animal to the packers on a grid > basis. That might or might not be > a good thing, but it is a learning > experience. Good luck.... [email=kopac94@hotmail.com]kopac94@hotmail.com[/email] [/QUOTE]
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