The Cattle Business Weekly
For cattlemen, by cattlemen is this podcast bringing you the latest in cattle industry headlines straight from the news desk of The Cattle Business Weekly in South Dakota. It's a dose of what's happening in markets, on the ranch and in Washington, D.C. It's news about everything that impacts a cattle operation's bottomline (aka profit). Listen to us in the feed truck, on the way to a cattle sale or on the porch with a beer! We promise you won't go away without having learned something.
The Cattle Business Weekly
Tax Planning for Cow/Calf Operations: Don't Let Things Snowball
Tina Barrett Executive Director of Nebraska Farm Business Inc. The past several years have been profitable for cattle producers. Cow/calf operations are amid a period of unprecedented high incomes—something that crop farmers experienced back in 2012 and again in 2022. Strong income years are a blessing, but they also bring challenges: larger tax bills, pressure to spend on prepaid expenses, and the temptation to push income forward or load up on depreciable purchases. There are some lessons that we can learn from the peaks of crop profitability that will hopefully avoid some of the pitfalls that come with a downturn...