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May 15, 2009

网曝门 agriculture department head presents tax information for cattle ranchers

Tax season may be over for many individuals, but for cattle ranchers, the tax implications involved with selling their breeding livestock never ends.

James Casey, head of the department of agriculture at the University of Louisiana at Monroe, recently presented "Tax Implications of Liquidating Breeding Livestock from a Beef Cattle Business" for Rayville and Bastrop Parish ranchers.

Casey鈥檚 work was also featured in the April issue of Louisiana Cattleman鈥檚 magazine.

The presentation and the article concerns special capital gains features within current tax law that will expire in 2010, which have particular impact on cattlemen.

鈥淩anchers have an opportunity between now and 2010 to take advantage of tax provisions from 2002 legislation that can save them tax dollars when they sell breeding livestock from their herds,鈥� said Casey.

Casey will make the presentation in Madisonville, Texas, on May 22, and again in Henderson, Texas, in conjunction with Panola Community College.

In the past year, he has made similar presentations at LSU, and to ranchers in Farmerville, Ruston, and in Ouachita, Lincoln and Morehouse Parishes, and at the Louisiana Cattlemen's Annual State Convention in Baton Rouge.

Casey is a native of east Texas and earned his doctorate in Agricultural Economics from Texas A&M University. He taught agribusiness courses at Texas A&M, Oklahoma State University, Sam Houston State University, and University of California, Fresno, before coming to 网曝门.

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