What are purchased replacement females worth?
By Troy Smith
Green grass isn’t the only thing sprouting since significant precipitation came to previously parched regions of cow country. If demand for replacement females is any indicator, optimism is growing too. Early spring saw bred heifer prices increase by as much as $200 per head.
In areas where herd-rebuilding was delayed by prolonged drought, more cow-calf producers are encouraged enough to pursue expansion or, at least, herd rebuilding. But a desire to increase herd numbers is not the only factor that affects the cost of replacement females. Even though calf prices remain respectable, they are trending lower. Time-worn rules of economics suggest that when calf prices are low and feed costs are high, purchasing bred replacements may be a better option than heifer retention.
Where’s the (Choice) beef?
Western Livestock Journal
Since 2000, the IRS has nearly tripled the number of audits of tax returns filed by people making $25,000 to $100,000. Kevin Brown, the IRS deputy commissioner, stated that this is an effort to run a “balanced audit program.” Last year, the number of audits in this category was approximately 436,000, up from about 147,000 returns in 2000.
However, for people with incomes above $100,000, the odds of being audited are about 1 in 59, and for people earning $1 million or more, the odds of getting audited are about 1 in 16.
People who operate farms or ranches that generate tax write-offs continue to be audited fairly often because the IRS regards these taxpayers as “vulnerable.” Any endeavor that has some elements of a “hobby,” but which the taxpayer reports as a business, poses a red flag under the IRS hobby loss rule.
Assembling an Implant Program That Fits Your Feeding System
John M. Bonner, Ph.D., Land O’Lakes
Throughout most of the 70’s and 80’s I worked with technical marketing programs for implants. The subject of growth stimulating implants was and continues to be a “hot” topic. It has been noted that implanting is one of, if not the most, profitable management practices. In the 70s and 80s, the implant field offered what seemed like a lot of options – five products. Implant technique and proper placement were critical points that were stressed as key factors that affected maximum return for implant expense. Well, today we still know the value of an implant, but according to Pete Anderson Ph.D. there are now 22 products containing five different drugs in 13 different combinations of ingredient levels, sold by five different companies supplying 10 implant devices. Today the challenge is to match the implant program to the cattle, nutrition, management, targeted market and length of feeding period.
As more cattle are sold on carcass-based arrangements, the characteristics that determine carcass value are becoming important to a greater portion of the feeding industry. One of the most important characteristics is the percentage of cattle that grade choice. If the spread between choice and select grade carcasses is high, choice grade carcasses are worth much more than select grade carcasses. On the other hand, if the spread is low, there is very little economic incentive to produce a high percentage of choice carcasses.
UT Beef and Forage Field Day Scheduled for June 14
Cattle management and hay production and storage will be on the minds of cattle producers attending the 2007 Beef and Forage Field Day. The event is being held on June 14 by the University of Tennessee at the Blount Unit of the East Tennessee Research and Education Center.
Activities will begin with a trade show at 7:30 a.m.
Following keynote presentations by Joseph A. DiPietro, UT vice president for agriculture, and Ken Givens, commissioner of the Tennessee Department of Agriculture, participants will assemble into groups to attend morning sessions that address how to select a commercial squeeze chute for cattle management, hay barn plans and planning, and profitable hay production. Time will be available for all participants to attend each session as well as to visit trade exhibits.
South Georgia cattle affected by drought
Cade Fowler, WALB-TV
Tifton — A herd of cattle stands in a dry south Georgia field. This field in Tifton, like many throughout southwest Georgia has been deeply effected by a lingering drought
An estimated 65 percent of Georgia’s pasture land is in poor to very poor condition. The current drought comes on the heals of drier than normal weather last year, and that has severely affected hay supplies. This has many cattle producers concerned.
Finding and Testing Low-Sugar Forage
by: Kathryn Watts, BS
Did the brown, stemmy, over-mature hay you thought was perfect for your easy keepers make them even fatter? Are increased sugar concentrations in your pasture causing your pony’s recent bouts of laminitis, or increased muscle soreness in your equine polysaccharide storage myopathy (EPSM)-afflicted horse? Could high fructan levels caused by recent frosty nights be the reason why several of your pastured horses experienced gas colic or diarrhea recently?
Crafting a new farm bill
By JONATHAN RIVOLI
As a top agriculture state, North Dakota has much at stake as Congress considers a new Farm Bill, Sen. Kent Conrad, D-ND, said Monday.
Chairing a hearing in Bismarck, Conrad came looking for advice as he and colleagues craft the bill that will establish federal agriculture policy for the next five years.
The bill, which covers everything from price supports to rural economic development, will replace a 2002 Farm Bill that expires this fall.
Working off of a preliminary proposal from Agriculture Secretary Mike Johanns, Congress is busy adding its own priorities to the measure.