For the past 5 years I've been writing articles for crop farmers on how to manage the unprecedented amount of income flowing through their operations and now it is the turn of the livestock producer to worry about what to do with all the extra income. A webinar titled "Tax Planning for High Income" outlines options livestock producers may want to consider. Agriculture has always been an industry with cyclical income trends. Prior to 2003, the average farm income reported in our annual data would typically go up and down each year having a good year and then a bad year and then a good year again....
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