You could easily end up paying 20% or more of the value of your property in taxes when selling your ranch. Fortunately, financial tools exist that allow people selling ranch property to avoid paying taxes on the sale.
Cattle feeders holding hedged cattle are finding a strong negative basis of $5 to $7 per cwt., compared with the positive basis of $3 to $5 last July.
USDA made modest changes to 2017 beef projections in Friday's monthly WASDE release.
Along the Florida Panhandle there are vast areas that can potentially be used with limpograss, especially along the Gulf coast.
Cash cattle prices traded $1 to $2 ahead of Friday's USDA Cattle on Feed report which reported a 2.5% increase in the number of cattle in feedlots.
Only minor changes are projected by the latest WASDE report for beef production and cattle prices.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Retail beef prices have come up in the past month, but they are down from last year.