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Monday, September 15,2014

Land lawsuit: mineral rights over property rights

by Kerry Halladay, Associate Editor
In this line of work, lawsuits over land and property rights are nothing new. But with each new lawsuit there comes the potential to set precedent that could affect everyone. In mid-August, the Tenth Circuit Court of Appeals ruled in favor of oil and gas company Entek GRB in its appeal of an earlier case against Stull Ranches in Colorado. Stull owned the surface rights to the area in question, while Entek owned the mineral rights under much of Stull’s ranch and adjoining surface parcels. The decision has recently been appealed.

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Monday, September 15,2014

PLC to explore states' involvement in public land management

by WLJ
Before pouring the gas into it and driving it like he stole it, Richard Petty always made sure he was in the right race. So, too, must an organization that protects the families and communities of over 20,000 ranchers with public land grazing rights in the West. At the recent annual meeting of the Public Lands Council (PLC) in Ignacio, CO, leaders of the public land grazing industry put their heads together to make sure they were pouring their resources into the right racetrack.

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Monday, September 15,2014

AFTERNOON MARKET UPDATE; Sept. 15

by DTN
Feedlot country was typically quiet in starting the week with activity limited to the distribution of new showlists. The midmonth offering appears to be generally steady with the previous week (i.e., numbers are some smaller in the South, some larger in the North).

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Monday, September 15,2014

DAILY FED CATTLE; Sept. 15

by WLJ
So far for Monday trading has been at a standstill in all major feeding regions. Last week in the Texas Panhandle and Kansas live sales sold from 161.00-162.00, a very light test of sales in Texas.

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Monday, September 15,2014

CA groundwater bills could harm; not help

by Kerry Halladay, Associate Editor
Three bills sit on California Governor Jerry Brown’s desk. They were passed by the state’s assembly and await the governor’s signature. With three strokes of a pen, Gov. Brown could drastically reshape the water landscape of the parched Golden State, overturning over 100 years of water law tradition.

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Monday, September 15,2014

House approves bill to stop WOTUS

by Traci Eatherton, WLJ Managing Editor
Legislation to prevent the administration from bypassing Congress, changing the scope of existing law without authority, and expanding its own limited powers to regulate waters under the Clean Water Act, was approved by the House of Representatives last week.

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Monday, September 15,2014

Futures decline in late trade

by Kerry Halladay, Associate Editor
The cash fed trade last week was slow, but this was not surprising. Analysts expected packers to hold off buying cattle until the release of the World Agricultural Supply and Demand Estimates (WAS- DE) on Thursday, and that seemed to work out for them, though not because of WASDE.

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Monday, September 15,2014

Ranchers say Keystone route unconstitutional

by Mark Mendiola - WLJ Correspondent
The attorney representing three Nebraska landowners opposed to construction of TransCanada Corporation’s $5.4 billion Keystone XL Pipeline through their property argued their case before the Supreme Court of Nebraska on Friday, Sept. 5, challenging the Legislature’s fast track routing approval for the massive, controversial project.

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Friday, September 12,2014

More checkoff drama

by Pete Crow - Publisher
The Beef Checkoff is being threatened again. It’s absolutely amazing to me that the Beef Checkoff continues to cause problems for this industry. A simple dollarper-head is no big deal. Even two or three dollars a head shouldn’t be a big deal.

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Friday, September 12,2014

Legally Speaking

Tax deductions for advertising, promotional expenses

by John Alan Cohan - Contributing Columnist
Advertising and promotional expenses are usually deductible along with other ordinary and necessary expenses in horse and livestock activities operated as a business. Traditional print ads in magazines can be expensive, and must be repeated in order to be effective.

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