Article

What Does It Take To Be Conducting a Ranching Activity for Profit?

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Abstract

That sounds like a question with a hundred answers—freedom from disease, low cattle prices, low calving rate, interference with pregnancies or failure of fences along highways, to name the obvious ones. But failure to conduct the ranching activity in a “business-like manner”? Surely not. And being called on the carpet for failure to run a herd of cows profitably? That sounds like the last worry a rancher should expect. But David Williams, a rancher in a rural area near a small Texas town ran up against just that—by a highly critical IRS agent, and lost. One wonders how an IRS agent could be tripped up by such a situation.

How to Cite:

Achenbach, R. P. & Harl, N. A., (2018) “What Does It Take To Be Conducting a Ranching Activity for Profit?”, Agricultural Law Digest 29(8), 57–58.