Big Muddy rancher
Well-known member
Did you take your ranching for profit course or is it yet to come?
Hey Gcreek
- Thread starter Big Muddy rancher
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A
Anonymous
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Big Muddy rancher said:
What is a "ranching for profit course"-- is that anything like a Soapweed have the "wife do all the work" course.... :???: :wink:
:lol:Big Muddy rancher
Well-known member
Oldtimer said:Big Muddy rancher said:
What is a "ranching for profit course"-- is that anything like a Soapweed have the "wife do all the work" course.... :???: :wink:
Sort of. :wink: :lol: :lol:
Per mentioned Dave Pratt and he is the instructor of a course called "Ranching for Profit". I think Gcreek won the tuition to a course but I couldn't remember if he took it already or he went this winter. :?
little bow rancher
Well-known member
per is an instructor for that course ?
Soapweed
Well-known member
Oldtimer said:Big Muddy rancher said:
What is a "ranching for profit course"-- is that anything like a Soapweed have the "wife do all the work" course.... :???: :wink:
You do have a point.
All joking aside, I have thought of the one thing that would make me more money than anything that could be learned from a "ranching for profit" course. Approximately 60% of our ranch is in Nebraska, and 40% is in South Dakota. If we would just put a house on the north side of that state line, and established residency there, enough money could be "saved" that it would take the place of a lot of profit. South Dakota has no state income tax, whereby Nebraska income tax gouges the heck out of a person. Vehicle registration in South Dakota amounts to just pennies on the dollar compared to Nebraska vehicle taxes. Nebraska real estate taxes are sky high. South Dakota is bad enough, but not as bad as Nebraska. Anyway, even though I rather like living where I do, if push comes to shove, this might be something to fall back on. :? You folks that live in South Dakota need to thank your lucky stars that you live where you do. A little news blurp on the radio a couple weeks ago also said that South Dakota was the state "most friendly" to having new businesses start up there, from a tax savings point of view.
gcreekrch
Well-known member
January 16th in Edmonton.
I am now referring to it as the Born Again Ranching course.
Who knows, I may not be the sceptic I currently tend to be when I return. I do know of a neighbor who went a few years ago and was told that he shouldn't even attempt ranching here.
At that, maybe they were right. :?
I am now referring to it as the Born Again Ranching course.
Who knows, I may not be the sceptic I currently tend to be when I return. I do know of a neighbor who went a few years ago and was told that he shouldn't even attempt ranching here.
At that, maybe they were right. :?
Big Muddy rancher
Well-known member
little bow rancher said:
I worded my post a little weird. Per mentioned Dave Pratt. And Dave Pratt is the instructor of the course.
gcreekrch said:January 16th in Edmonton.
I am now referring to it as the Born Again Ranching course.
Who knows, I may not be the sceptic I currently tend to be when I return. I do know of a neighbor who went a few years ago and was told that he shouldn't even attempt ranching here.
At that, maybe they were right. :?
Is that referring to your region of BC or Canada in general?
I think the RFP course is a good one, and it certainly provides some good food for thought.
gcreekrch
Well-known member
RSL said:gcreekrch said:January 16th in Edmonton.
I am now referring to it as the Born Again Ranching course.
Who knows, I may not be the sceptic I currently tend to be when I return. I do know of a neighbor who went a few years ago and was told that he shouldn't even attempt ranching here.
At that, maybe they were right. :?
Is that referring to your region of BC or Canada in general?
I think the RFP course is a good one, and it certainly provides some good food for thought.
It was referring to our immediate area.
I agree with your opinion on the school, it is a wasted day if we don't learn something. How we put what we learn to use is usually up to the individual.
Faster horses
Well-known member
Not to highjack the thread (I'm sure you will learn something useful
gcreek, or THEY will ) but Soapweed, it won't matter if your
residency in is SD, Nebraska will still want their share of the income from sales in Nebraska. At least that's what we found out
when we bought this house in SD...the income generated in Mt
will be subject to Mt. State Income Tax.
Montana has no sales tax but it does have a hefty state income
tax...
gcreek, or THEY will
) but Soapweed, it won't matter if yourresidency in is SD, Nebraska will still want their share of the income from sales in Nebraska. At least that's what we found out
when we bought this house in SD...the income generated in Mt
will be subject to Mt. State Income Tax.
Montana has no sales tax but it does have a hefty state income
tax...
Soapweed
Well-known member
Faster horses said:Not to highjack the thread (I'm sure you will learn something useful
gcreek, or THEY will
residency in is SD, Nebraska will still want their share of the income from sales in Nebraska. At least that's what we found out
when we bought this house in SD...the income generated in Mt
will be subject to Mt. State Income Tax.
Montana has no sales tax but it does have a hefty state income
tax...
Good point. The way it is, the state of Nebraska also gains from our income that is generated in South Dakota. Now you have given me an excellent idea. Maybe this South Dakota generated income shouldn't be subject to Nebraska state income tax.
Oh, another thought. Maybe the best way to "ranch for profit" is to charge tution for a "ranching for profit" school. :wink:
The original folks by the name of Robinson that settled this ranch back in the late 1800's had that figured out way back then. They were from England, and had connections with English nobility back in the old country. The Robinsons were successful ranchers themselves, so had the bright idea to have young Englishmen come over to "learn" how to be cowboys. Instead of paying wages to these wanna-be cowboys, the Robinsons charged tuition. This was even better than owning slaves. They got their work done, and were paid by the workers for the privilege. The plan worked well until one winter when the Robinsons went to California for an extended vacation. A bad winter storm came along. The countryside was covered with snow. The greenhorn cowboys-in-training couldn't get hay out to the cattle, so they opened up the stackyards and let the cattle into the haystacks. Cows can sure make a mess with these opportunities. The hay was wasted, and it ran out long before spring. This resulted in a big loss of livestock, and the owners went broke. They packed up and moved to South Africa, but later reports indicated they never prospered after doing so.
katrina
Well-known member
Soapweed said:Oldtimer said:Big Muddy rancher said:
What is a "ranching for profit course"-- is that anything like a Soapweed have the "wife do all the work" course.... :???: :wink:
You do have a point.
All joking aside, I have thought of the one thing that would make me more money than anything that could be learned from a "ranching for profit" course. Approximately 60% of our ranch is in Nebraska, and 40% is in South Dakota. If we would just put a house on the north side of that state line, and established residency there, enough money could be "saved" that it would take the place of a lot of profit. South Dakota has no state income tax, whereby Nebraska income tax gouges the heck out of a person. Vehicle registration in South Dakota amounts to just pennies on the dollar compared to Nebraska vehicle taxes. Nebraska real estate taxes are sky high. South Dakota is bad enough, but not as bad as Nebraska. Anyway, even though I rather like living where I do, if push comes to shove, this might be something to fall back on. :? You folks that live in South Dakota need to thank your lucky stars that you live where you do. A little news blurp on the radio a couple weeks ago also said that South Dakota was the state "most friendly" to having new businesses start up there, from a tax savings point of view.
Yeah poor schools and NO roads..... It's just wonderful.......
Soapweed
Well-known member
katrina said:Soapweed said:Oldtimer said:What is a "ranching for profit course"-- is that anything like a Soapweed have the "wife do all the work" course.... :???: :wink:
You do have a point.
All joking aside, I have thought of the one thing that would make me more money than anything that could be learned from a "ranching for profit" course. Approximately 60% of our ranch is in Nebraska, and 40% is in South Dakota. If we would just put a house on the north side of that state line, and established residency there, enough money could be "saved" that it would take the place of a lot of profit. South Dakota has no state income tax, whereby Nebraska income tax gouges the heck out of a person. Vehicle registration in South Dakota amounts to just pennies on the dollar compared to Nebraska vehicle taxes. Nebraska real estate taxes are sky high. South Dakota is bad enough, but not as bad as Nebraska. Anyway, even though I rather like living where I do, if push comes to shove, this might be something to fall back on. :? You folks that live in South Dakota need to thank your lucky stars that you live where you do. A little news blurp on the radio a couple weeks ago also said that South Dakota was the state "most friendly" to having new businesses start up there, from a tax savings point of view.
Yeah poor schools and NO roads..... It's just wonderful.......
At least you don't have to pay state income tax.
katrina
Well-known member
You're right.... It's even better....... We get to buy a house in town to send our kids to a decent school.... Oh ya and the added bonus of wear and tear on a vehicle over those wondeful roads..... Yee Hawwwww :twisted: :wink:
:twisted: :wink:per
Well-known member
So where is the State revenue from? Sales tax, property tax? Where else? Does Nebraska have similar rates of other types of taxes?
Just curious.
Just curious.
Big Muddy rancher
Well-known member
Soapweed said:Faster horses said:Not to highjack the thread (I'm sure you will learn something useful
gcreek, or THEY will
residency in is SD, Nebraska will still want their share of the income from sales in Nebraska. At least that's what we found out
when we bought this house in SD...the income generated in Mt
will be subject to Mt. State Income Tax.
Montana has no sales tax but it does have a hefty state income
tax...
Good point. The way it is, the state of Nebraska also gains from our income that is generated in South Dakota. Now you have given me an excellent idea. Maybe this South Dakota generated income shouldn't be subject to Nebraska state income tax.
Oh, another thought. Maybe the best way to "ranch for profit" is to charge tution for a "ranching for profit" school. :wink:
The original folks by the name of Robinson that settled this ranch back in the late 1800's had that figured out way back then. They were from England, and had connections with English nobility back in the old country. The Robinsons were successful ranchers themselves, so had the bright idea to have young Englishmen come over to "learn" how to be cowboys. Instead of paying wages to these wanna-be cowboys, the Robinsons charged tuition. This was even better than owning slaves. They got their work done, and were paid by the workers for the privilege. The plan worked well until one winter when the Robinsons went to California for an extended vacation. A bad winter storm came along. The countryside was covered with snow. The greenhorn cowboys-in-training couldn't get hay out to the cattle, so they opened up the stackyards and let the cattle into the haystacks. Cows can sure make a mess with these opportunities. The hay was wasted, and it ran out long before spring. This resulted in a big loss of livestock, and the owners went broke. They packed up and moved to South Africa, but later reports indicated they never prospered after doing so.
Don't worry there is a tuition for Ranching for profit school. Gcreek just got lucky and won his . :wink:
A
Anonymous
Guest
Interestingly-- this subject was just on the radio the other day... The newly released "business tax climates"-- and SD was listed as the state with tax rates most friendly to business- with Nebraska being 29th...
Alaska was #2 and WY being #3---Montana was in the top ten- listed as #6....
http://www.taxfoundation.org/files/bp60.pdf
Alaska was #2 and WY being #3---Montana was in the top ten- listed as #6....
http://www.taxfoundation.org/files/bp60.pdf
jodywy
Well-known member
Soapweed said:Oldtimer said:Big Muddy rancher said:
What is a "ranching for profit course"-- is that anything like a Soapweed have the "wife do all the work" course.... :???: :wink:
You do have a point.
All joking aside, I have thought of the one thing that would make me more money than anything that could be learned from a "ranching for profit" course. Approximately 60% of our ranch is in Nebraska, and 40% is in South Dakota. If we would just put a house on the north side of that state line, and established residency there, enough money could be "saved" that it would take the place of a lot of profit. South Dakota has no state income tax, whereby Nebraska income tax gouges the heck out of a person. Vehicle registration in South Dakota amounts to just pennies on the dollar compared to Nebraska vehicle taxes. Nebraska real estate taxes are sky high. South Dakota is bad enough, but not as bad as Nebraska. Anyway, even though I rather like living where I do, if push comes to shove, this might be something to fall back on. :? You folks that live in South Dakota need to thank your lucky stars that you live where you do. A little news blurp on the radio a couple weeks ago also said that South Dakota was the state "most friendly" to having new businesses start up there, from a tax savings point of view.
Looking at ranches in western Nebraska and eastern Wyoming, same size, same number of cows, The Nebraska ranches were way cheaper, but then you get to pay for it with their property taxes, and income tax, in the long run the Wyoming places penciled out allot cheaper.
