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MANAGEMENT

Read how to improve your supervision of employees, financial matters, identification and record keeping. Learn more about land use issues that affect your operation.

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Occasions arise when it is necessary to transport cattle across state lines, especially from smaller states. One reason for interstate movement is the purchase of cattle from another state or selling cattle to an out-of-state buyer.

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Oprah Winfrey was famous a few years back for giving away a car to each member in her audience. This was likely considered a gift by Oprah to everyone, and most ranchers would think she had to pay a large amount of gift tax.

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The IRC section 1031 exchange is one of the most powerful tax-saving and wealth-building tools available for people who own highly appreciated land.

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What on earth is a flight plan, and why do farmers and ranchers need one? The name is derived from the song “I’ll fly away.” You know the one … “I’ll fly away, oh glory, I’ll fly away. When I die, hallelujah, by and by, I’ll fly away.”

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This article is part three in a five-part series. Be sure to read “Evaluating employee performance” in the upcoming March issue.

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There are many factors that go into running a profitable farming operation. In an industry that faces several influencing factors such as new technology, government regulations, climate change, commodity pricing and tariffs, the potential impact on your operation’s bottom line is high.

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