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CNN: Dought Forces Farmers To Sell Cattle (VIDEO)

CNN: Dought Forces Farmers To Sell Cattle (VIDEO)

Published on Jul 19, 2012 by CNN

Several cattle farms are facing hard times in this drought and many are being forced to sell their herds.


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I am selling my whole heard also but for different reasons

38 cows with calves, bulls and hay equipment

Average $12000 per year after expenses

-2400 20% federal and state income tax
-1800 15% social security tax
-4275 interest I can get on the money invested in the operation
-1333 What I can rent the farm for after paying property taxes
2000 What it costs me for being to busy
divided by 300 hours/year= $.64 per hour

Why would anyone do this?