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Friday, July 11,2014

Black Ink

No secret to success

by Miranda Reiman, Certified Angus Beef
Yup, that’s usually how long the mystery remains with nearly every birthday present purchased for a sibling or every “don’t tell your dad I let you” moment. I have four little ones, so it’s hard for a secret to remain that way for long at our house.

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Friday, July 11,2014

Legally Speaking

Tax court case on cow and dairy farm activities

by John Alan Cohan - Contributing Columnist
In an important Tax Court case, J. Zane Smith of Earlville, NY, challenged the IRS’s determination that his cow and dairy activities were a hobby. The lengthy opinion also involved other issues, including his dog breeding activity and a cutting horse activity.

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Friday, July 11,2014

Defending ranching through appropriations

by WLJ
“When you look at the sheer breadth of the issues covered in the [U.S. House of Representatives’] draft Interior appropriations bill, you see just how the administration is trying to get its tentacles around every aspect of the natural resources we depend on as ranchers,” said Lee in an interview with WLJ.

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Friday, July 11,2014

No hurry to finalize RFS standards

by Traci Eatherton, WLJ Managing Editor
The ongoing RFS debate has divided parts of the ag industry with the food vs. fuel argument. In addition, policymakers have raised concerns with compliance of the current standard, citing rising food and fuel costs and debating whether or not the standards are actually reducing greenhouse gas emissions as planned.

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Friday, July 11,2014

Momentum remains strong for U.S. beef, pork exports, according to USMEF report

by WLJ
U.S. beef and pork exports maintained their strong momentum in May, with export volumes for both products exceeding last year’s totals and value increasing by double digits, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Friday, July 11,2014

MO governor sides against family farmers and ranchers

by WLJ
According to Missouri Cattlemen’s Association President (MCA) Jim Mc- Cann, Governor Jay Nixon today made the decision to stand against family farmers and ranchers by vetoing bipartisan legislation H.B. 1326 and S.B. 506, which are known as farm bills.

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Friday, July 11,2014

Can charity make retirement tax-free?

by DTN
What are your thoughts about a charitable remainder trust in this instance? The couple could create a lifetime income stream and use the deduction to offset that income. Perhaps they could also set up a wealth replacement trust (life insurance) to benefit the children if they have concerns about leaving those sale proceeds.

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Friday, July 11,2014

Fish and Wildlife Service redefining the ESA one phrase at a time

by Kerry Halladay, Associate Editor
Following last week’s coverage of the U.S. Fish and Wildlife Service (USFWS) redefining a key phrase in the Endangered Species Act (ESA) [“New interpretation of ESA phrase ruffles feathers,” pg. 7], it came to light that there were several other related areas being tweaked in the ESA, as well.

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Friday, July 11,2014

High prices bring mixed emotions in the beef industry

by WLJ
The beef industry is experiencing a wide range of emotions at the current time. The level of excitement is obvious as cattle and beef prices have pushed even beyond record levels of earlier this year. Cattle prices are at values unimaginable just a few years ago.

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Friday, July 11,2014

'Out-of-sight' beef prices pose opportunity for those with grass

by WLJ
“‘Out of sight’ is a good term for the prices,” said Dr. David Anderson, AgriLife Extension Specialist in Livestock and Food Products Marketing. “And it doesn’t really matter whether we’re talking about retail prices to consumers, the wholesale beef market or at sale barns for calves and feeder steers.

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