Click on the image above to view the December, 2015 of Trails magazine. This issue will be coming to your mailbox later this month loaded with Horn Showcase results and coverage, as well as the 2016 TLBAA calendar and the Eddie Wood Cowtown Sale catalog!
Cattlemen Urge Congress to Address Expired Tax Extenders Legislation
â€“ The National Cattlemenâ€™s Beef Association along with the Public Lands Council and 37 additional agriculture groups sent a letter to House and Senate leadership urging Congress to take up legislation addressing expired tax extenders. NCBA President Philip Ellis of Chugwater, Wyo., said it is critical to address expired tax provisions for long-term business planning.
â€œFarmers and ranchers like myself rely on a stable and predictable tax code in order to plan purchases, make investments, and grow their businesses,â€ said Ellis. â€œEach year producers make significant financial determinations, and Congressâ€™ failure to act on permanent tax reform has placed greater reliance on extender legislation over the past few years.â€
The letter specifically focuses on Section 179 and bonus depreciation, which allows producers to write off a greater part of capital expenditures in the year that purchases were made rather than depreciate them over time. This provides an incentive for farmers and ranchers to invest in their businesses and offers the benefit of reducing the record-keeping burden associated with depreciation.
Under the expired law, the maximum amount that a small business can immediately expense when purchasing business assets is $25,000, adjusted for inflation, with the rest to be depreciated over time. The groups are encouraging Congress to restore the maximum amount of expensing under Section 179 to $500,000, as it was set in 2014. Read more...
TLBAA thanks the following 2016 Eddie Wood Cowtown Classic Sale Sponsors:
Safari B Ranch - Elk City, Oklahoma
DuBose Bar D Ranch - Ben Wheeler, Texas
CedarView Ranch - Pittsburg, Kansas
HOST HOTELS FOR LONGHORN WEEKEND:
Fairfield Inn & Suites - $129 SpringHill Suites University - $122
1505 S. University Dr. 3250 Lovell Ave.
Fort Worth, TX 76107 Fort Worth, TX 76107
817-335-2000 817-878-2554 Reservation cutoff date: 12/15/15 Reservation cutoff date: 1/1/16 Click here to book online Click here to book online
Country Inn & Suites - $109 Radisson Fossil Creek - $99
2200 Mercado Dr. 2540 Meacham Blvd.
Fort Worth, TX 76106 Fort Worth, TX 76106
817-831-9200 817-625-9911 Reservation cutoff date: 12/30/15 Reservation cutoff date: 12/15/15
The January Cash Cow feature is an excellent reference for people to see what genetics and characteristics are in demand in the public auction marketplace! If your program produced animals featured in this prestigious list, let people know where they can find more! Choose an ad size and get your program out in front of people in an issue showing that your animals are in demand.
What is H.O.R.N.S?
Comes free as a benefit with active TLBAA membership
Acts as cattle software
Captures pasture exposures
Features notation fields for each animal (medications, pasture location, weaning info, branding info â€¦.etc. )
Captures calf birth information
The Foundation wishes to thank the California Association of Texas Longhorn Breeders for their generous donation of BAR H SITTIN CHARM, recently sold at the Hudson-Valentine Vegas Style Sale. This beautiful cow was purchased for a total of $11,531, proceeds to benefit the TLBAF Building Fund.
Won't you consider contributing to this worthwhile project?
The thermometer needs to move! Click here to download a donation form.
Want to find awesome Christmas gifts for family and friends? Looking for creative ways to cook and prepare those holiday meals? You can do both, and while supporting the Texas Longhorn Breeders of America Foundation Building Fund to boot! Be watching the TLBAA FaceBook page in the next few days for full details...
The TLBAA Office will be closed November 26-27 in observance of the Thanksgiving holiday
Cow Calf Corner
Glenn Selk answers the question: How much hay do I need to feed cattle over the winter?