Cattle Sale

Archive for March, 2010

im looking for a horse in QLD has to be 15hh and up Quite and suit any disapline, preferibly gelding and good with cattle work but doesn’t really matter, $1000 and under, thankyou, and can you please display your number.

Hello

I know of hundreds of horse for sale; I know of a Horse begin given away for free !

where do you live ?

pls. contact me @ wahpoose2003@sbcglobal.net

and I will give you the emails and addresses !

My husband and I have a farm/ranch. We reside on the farm. We have cattle, pasture and hay ground. I would like to sell the place and buy a smaller place in a nicer climate. The difference between the basis and the sale price of the farm could be as much as $2M and the property we are looking at purchasing will be somewhat less than the sale price of the farm giving us maybe 200K in our pocket. In order to minimize capital gains does the new property have to be the same acreage, does it even have to be a farm to qualify as a like investment or can it be just a residence? Although we hope to get a place with about 100 acres there so we can take some cattle. How much of the 200K would be taxable?

Dear Bunnie: You should get some advice, but the things that will come into play are (1) was this your primary residence for at least 2 of the last 5 years? (2) were you depreciating any buildings equipment etc.?

If you qualify for an exclusion (2 of the last 5years) you and your wife can exclude $500,000 of your gain. You will pay tax on the additional gain. Whether you buy a farm of equal size or smaller or larger has no bearing. Old tax laws were changed about 15 years ago.

You may have to report the sale of buildings equipment etc on form 4797 and possibly pay tax on any gain after recapturing the depreciation already claimed.

You may want to seek an expert in the field of 1031 exchange to see if you can work an exchange under section 1031. This will depend on your zoning laws and how the farm is set up. A 1031 exchange can not be used on a personal residence. However if the farm is zoned separately it may work. This would allow for the deferment of taxes on any gain on the business.

This advice was based on the tax law in effect at the time it was written as it applies to the facts that you provide. Click on my profile to read more. Errol Quinn Enrolled Agent

in cattle auctions how do they abbrv. the numbers expl. birth weight (bw) as 3.3 ww 4.9 yw #.# ext. I know the money value is sold by the 100llbs but i do not understand the fraction,s of that type of sale also what is the milk value mean on beef cattle what is the value of knowing it and what does it mean also what is the way they determine marbling on bulls
thank you red but sometimes the bw is listed at 91lbs and other times ?.? what is the value of the abbrv.
thank you red but if i see a birth weight of 3.3 compared to 90lbs
the last line is a typ-o what i am trying to ask is how do you know what the bw ww yw is when they use #.# (fraction) and not lbs. I can’t understand 1.2- 3.4 etc

I believe you are asking about EPDs (expected progeny differences) or they many be EBVs (expected Breeding Values) which are almost identical to EPDS

They are a way that cattle breeders assign numerical scores to try to estimate the "genetic value" of an animal based on the past records of animals that are related. An individual animal’s EPDs will be based from values from its parents. This is used as a tool to help breeders make better choices in breeding cattle.

They usually have values for Birth weight, calving ease, weaning weight, yearling weight. And then there are maternal traits which include maternal weaning weight, maternal milk, etc. More recently they are including carcass traits such as marbling, rib eye area etc.

Each breed will usually have their own average EPDs or some of the larger herds may calculate their own. This way you can compare animals between each other (Although they may use an index system, which essentially ranks animals )

The what you call the milk value, which usually is maternal milk gives an indication on how well we would expect the of offspring of that animal to milk (this is why bulls too have this number…it isn’t telling us how the bull milks but how well we would epect his daughters to milk)

The way they determine marbling score is based on slaughter records of a bull’s offspring…and more reciently by using an ultrasound machine to take live pictures of the rib eye where you can measure marbling

Hi Again

Those fractions are actually based on averages for the breed when the began recording EPDs. So back in the day they set whatever the average values for all those traits to zero. The EPDs are values relative to those averages. Things like birthweight, weaning weight, yearling weight are all in LBS and other things like calving ease are milk traits (in beef cattle. it works differently in dairy cattle) values don’t have units, they are more like a rank (ie a +1 is like one point better…it’s not like 1 more gallon)

So to use your birthweight example…lets say you have a bull with an BW EPD of +3.3 (and for the ease of this example lets say the cows have an EPD for BW of 0…but in reality the cows genetic value(EPD) will also play a roll in the outcome of the offspring) So if the birthweight baseline average is 90 Lbs than on average we can expect that calves will be born around 93.3lbs (3.3lbs more than the average)

You may also notice a smaller number underneath the EPD that is usually a decimal number (eg 0.66).This is the accuracy number…The more calves an animal has the more accurate the EPD will be, since we can confirm these values over time (and yes EPDs can change as more information is gathered from the offspring) So say this bull has only 50 offspring on the ground, his accuracy number will be low. On the otherhand if that bull is a top AI sire it may be in the 0.9 range…you can think of it kind of like the percent chance the EPD value will be correct.

I hope that helps…this stuff can be really confusing…you can even base a whole PHd on doing these type of calculations