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A charitable remainder trust (CRT) enables a family selling a farm or ranch to avoid or defer tax on the sale and generate lifetime income for retirement. In addition to saving taxes and generating a lifetime income, a CRT provides several other benefits:
Due to the oil and gas boom happening across many parts of the country, landowners are being approached more often by pipeline companies seeking easements across private land for oil and gas pipeline projects.
Two Indiana agricultural companies, Elanco, the animal health division of Eli Lilly and Company, and Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company, are announcing a strategic research and development agreement that will focus on developing integrated solutions to enable livestock producers to increase meat and milk production to meet the demands of the growing global population.
Pasture conditions over most of the U.S. are much improved over conditions at this time last year. In addition, corn prices are currently below $4 per bushel and expected to drop further. Extreme drought conditions continue in parts of the southwestern U.S.
At a recent workshop, I told the audience that if they looked in any farming or ranching publication, they would find articles about cutting feed costs and improving production efficiency, but they wouldn’t find anything about reducing land, labor and other overhead costs.
The way a cow walks is an indicator of the comfort offered by her environment, which is why locomotion scoring is included in the National Dairy FARM (Farmers Assuring Responsible Management) program’s evaluations.
The goal of a biosecurity plan on both beef and dairy farms is to protect animals from disease and maintain herd health to proudly produce a safe, wholesome and healthy beef product for our consumer’s plate.
