GFM Network News

If you suffered a loss or earned little income, this could be a good year for an optional inventory adjustment.

Adjusting cow-calf inventory value can pay off in the future

Making this adjustment during an unprofitable or low-profit year 
can save taxes when cattle prices go up again

Reading Time: 2 minutes Cow-calf producers should consider taking advantage of the optional inventory adjustment, says a provincial farm business management specialist. “Economic returns for cow-calf operators this year will probably not be all that profitable,” said Ted Nibourg. “High feed costs in the winter of 2015 coupled with reduced calf prices this fall may result in negative margins […] Read more