More than 2,000 cattle producers convened in Columbus, Ohio, this past weekend for the 2018 Angus Convention. There was much cause for celebration, and a thorough look at the business of Angus.
Highlights include a preview of coming genetic tools, a deep dive into succession and tax planning and a recap of the four decades of Certified Angus Beef.
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State of Angus Genetics
Despite the challenges across the country in the past year, Dr. Dan Moser, Angus Genetics, Inc., says the breed is continuing to identify new genetic characteristics for their members. This requires continued research and investment with industry partners.
In the near future Angus Genetics will also address high-altitude performance, cow longevity and heifer fertility.
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Attendees Flock to Succession Planning Information
Transitioning the ranch or farm to the next generation was a focus of many attendees at the Succession Planning workshop, sponsored by Drovers.
Paul Neiffer, CPA with CliftonLarsonAllen, and Polly Dobbs, Dobbs Legal Group, both part of the Farm Journal Legacy Project, gave updates on the 2018 tax laws and discussed various options used in farm business transfer.
The most important step is asking the “What if” questions and big picture thinking of what each stakeholder wants from the operation. Then steps can be made to move forward. Just remember, Dobbs says, “fair isn’t always equal.”
40 Years of Certified Angus Beef
Certified Angus Beef (CAB) celebrated 40 years of business, and a continued jump in profits and number of qualified cattle.