Mark Parker: The Top 10 money-saving tax tips for farmers
FarmTalk
#10. When your accountant says you’re going to have to show a profit sooner or later, choose “later.”
#9. If the American farmer feeds 155 people, those people count as dependents, right?
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To be up to date with the latest in the cow farming industry to can check out our cow farming latest news. On the other hand in case you are starting cattle farming and desire to begin professional cow farming now get a copy of our how to raise cattle ebook.
If you are a business minded person you might be looking for other ways to make more money, farming cows for profits is an alternative business you can get into. They have great returns of investment especially in the winter seasons.
One easy way of making money from raising Cows is by cattle flipping. When cattle flipping, you buy cheap cattle, give them food so they gain weight then sell them at a higher price.
The first thing to do is to purchase the cows from auctions, livestock magazines or even online. Try to find raised or feeder calves that are less costly and free from illnesses. To make sure the cattle are not sick, try buying from a reputable owner.
The next thing is to prepare for your cows, the things you need to get ready are shelter, meadow, hay, water and other feeds.
When starting out try to be sure you reduce your expenses. As for shelter you can go for simple windbreakers rather than expensive barns. Once your cows start making you money you may then build larger shelters for them.
When it gets to water make sure that you have more then enough for them. A single cow may drink about 12 gallons of clean water each day. You can build water troughs for your cows to drink clean water from.
Most of the cash you have prepared in farming your cattle needs to be invested in pasture. You also have to invest a lot on hay was well, hay assists a lot in the production of meat. Alfalfa works well for meat production.
Corn is recommended when it comes to feeding you livestock, cattle just love corn and its good for fattening them up as well. The local feed mill will help in supplying you with well mixed corn. Or you can buy cow feeds from your local livestock store.
With these steps you sure will be on your way to raising healthy livestock for profits. Other thing you have to do is get to know other livestock owners in your area and discover how they start making income from their livestock.
