Whining again!

[cowman]

Well I think a very large portion of the custom feeder business is built on the premise of tax deferral? My local custom feedlot owner tells me his biggest customer is a surgeon...and he feeds cattle whether he loses money or makes it? How many grain farmers feed cattle in custom lots to take advantage of deferring taxes...this is what they are talking about every fall when "the tax money comes to town"?
Now I don't know about all accountants but the outfit I use...about 3/4 of them also own farms and cattle! You write off the pickup, the quad, the fuel to run them, the dogfood,the horses and the household utilities against the farm...as well of a portion of losses against the "Accounting income"? I guess if a $300,000 accountant sees it as an advantage...it just might be?
Ever notice how all the Old "heritage ranches" south of Calgary are being bought up by big oilmen? Now without a doubt they want a playground, but sincerely doubt they do it so they can pay big taxes on these enterprizes?
Do the likes of Cargill/IBP feed cattle out so they can pay big taxes? I would suggest they feed cattle so they can control supply and don't really care if they make any money on them? So in reality taxes on feeding cattle are not a concern at all for them? Or in other words no profit/no taxes on cattle feeding works for them?
And here you are trying to make a buck, and paying taxes? ...How do you compete?

[BFW]

Cowman, the accountant making 300k/year can't buy cattle and use them as an expense to bring his income to zero thereby deferring the tax owed from the income from his accounting practice. The same for the surgeon feeding cattle. He is feeding cattle with tax paid dollars from his day job and hoping to make a return on his investment in the cattle. At the end of the day a guess the rancher should be happy about this because without this speculative money in the system the price of feeder cattle would likely be some lower.