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Northern Rancher Rancher

Joined: 10 Feb 2005 Posts: 12235 Location: saskatchewan
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Posted: Sun Aug 29, 2010 10:32 pm Post subject: Basin Angus |
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| I see they really are dispersing-I always liked Wayne he had time to talk cows even with this hick from the sticks. I haven't been down there for a visit in quite awhile but it was tough for Doug to carry on after losing his Dad the way he did. Sad to see an outfit like that go they raised alot of good cattle over the years.
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Hay Feeder Member

Joined: 29 Oct 2008 Posts: 423 Location: Midwest
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Posted: Mon Aug 30, 2010 7:04 am Post subject: |
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| The information is on their web site. 12 mil for 12,000 acres. Finding someone with the money it will sell for that. The tree huggers here pay more than that to take the land out of production and let it go back to nature.
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jeff in ca Member

Joined: 10 Mar 2009 Posts: 183 Location: Janesville Ca, 96114
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Posted: Mon Aug 30, 2010 7:57 am Post subject: |
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| I think I am gonna tell Pam Minnick and her crew to keep on goin. When she shows up to do a piece on my ranch. Isn't this 2 places in less than a year giving it up, after they were profiled on American Rancher???
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Hereford76 Member

Joined: 13 Dec 2005 Posts: 742 Location: North Central Montana
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Posted: Mon Aug 30, 2010 8:14 am Post subject: |
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| i wonder if it makes more sense to get out of it now before it gets taxed to death over the upcoming years...
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PureCountry Rancher

Joined: 25 Oct 2005 Posts: 2266 Location: E./central Alberta, Battle River hills
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Hereford76 Member

Joined: 13 Dec 2005 Posts: 742 Location: North Central Montana
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Posted: Mon Aug 30, 2010 8:56 am Post subject: |
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we pay taxes on the county level for all property. ag lands, all buildings and outbuildings, every piece of farm equipment, livestock equipment and pay to licene any vehicle in the county on top. we pay state taxes on income and per head livestock tax to the state plus federal taxes.
i might be wrong but capital gains is to go up 50% in 2011 and cuts to death tax expire plus hikes in every tax bracket. anyone have that specific data.
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Denny Rancher

Joined: 10 Feb 2005 Posts: 4326 Location: Mn usa
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Posted: Mon Aug 30, 2010 12:40 pm Post subject: |
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| Maybe they are just having (ANOTHER) registered dispersal. Come next year they'll have changed their minds and never missed a sale. The list of those type of outfits are as long as my arm.
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Workinonit Member

Joined: 26 Sep 2006 Posts: 28 Location: Virginia
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Posted: Mon Aug 30, 2010 3:58 pm Post subject: |
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| Hereford76 wrote: |
we pay taxes on the county level for all property. ag lands, all buildings and outbuildings, every piece of farm equipment, livestock equipment and pay to licene any vehicle in the county on top. we pay state taxes on income
Same here where I am in Va.
i might be wrong but capital gains is to go up 50% in 2011 and cuts to death tax expire plus hikes in every tax bracket. anyone have that specific data. |
With the "death tax" cut expiration, as of Jan.1, 2011 the tax on inheritance will be 55%.!!
K
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Cedarcreek Member

Joined: 23 May 2006 Posts: 481 Location: Eastern Montana
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Posted: Mon Aug 30, 2010 10:56 pm Post subject: |
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| Makes a person wonder if the amount of added debt from buying out the other shares of the bull development center and sale facility has anything to do with the dispersion? A lot of $$ went into building that very impressive facility.
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Hay Feeder Member

Joined: 29 Oct 2008 Posts: 423 Location: Midwest
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Posted: Tue Aug 31, 2010 5:40 pm Post subject: |
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| The listing by Pat Goggins Real Estate Company
Last edited by Hay Feeder on Tue Aug 31, 2010 11:39 pm; edited 1 time in total |
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Oldtimer Rancher

Joined: 10 Feb 2005 Posts: 24330 Location: Northeast Montana
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DOC HARRIS Member

Joined: 04 Jun 2005 Posts: 821 Location: Ft. Collins, CO
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Posted: Sat Oct 09, 2010 12:08 am Post subject: |
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Well, to say the least, I was shocked and dismayed to learn of this dispersal! I have not heard anything definitive about WHY it is occurring, but given the current Political machinations of our "Destroyer in Charge" (Obama), I can certainly understand the consternations that Doug and Sharon HAVE to feel about their future operations!
I feel as though I am losing a part of my beef cattle ethos and philosophy of the Beef Business! I have watched the development of the Stevenson Angus 'Family' almost since it's inception, and certainly would have never imagined that fate would cut into them in such a way.
But, it goes to show what terrible "outside" influences can do to change a seemingly solid interprise by the deliberate actions of a Political Party capitalizing on the apathy of the voting public! The unbelievable results of the current and future TAX problems that this Administration, both Democrats and Republicans in the Congress, have foisted on ALL businesses in the United States is appalling and terrifying. I see this current governmental malaise as "Big Brother" destroying our way of life!
DON'T GET ME STARTED!
DOC HARRIS
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