It would seem that American and Canadian cattle producers have a little hop in their step and a little more jingle in their pockets. Cattle prices are high and feed costs continue to shrink. Shaun Haney caught up with CattleFax analyst Duane Lenz at the CanFax Market Forum in Calgary to discuss the American cattle market and how the weather is having a big impact on this market.
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The federal government wants to clamp down on incorporated business owners who it says are claiming capital gains when they should be reporting taxable income or dividends. A capital gain is essentially the increase in the value of a capital asset, such as farmland, above its purchase price. Under Canada's tax system, only 50 percent…Read more »