Farm tax planning tips for Texas farmers in 1973
Texas A&M economist Dr Wayne Hayenga outlines year end tax planning to reduce 1973 federal income tax. He advises leveling taxable income with accurate records, forecasting income and expenses, and calculating depreciation. Actions include buying fertilizer, supplies, machinery, and breeding stock to cut taxes and defer sales with contracts or storage. He cautions balancing tax moves with overall farm profitability and seeking IRS or Extension guidance.
MENTIONED IN THIS ARTICLE
College Station
Texas Agricultural Extension Service
Wayne A. Hayenga
Texas
Texas A&m University System
Hayenga
Internal Revenue Service
Texas farmers urge immediate fuel to finish harvest
Texas Farms Bureau President J T Woodson appeals to Interior Secretary Rogers Morton for urgent fuel allocation beyond the 12 month purchase rule. He cites idle tractors and harvesters, says the current mandate hurts hardship cases, and asks distributors be cleared of penalties for aiding farmers in grain and cotton harvests and land prep for next year.
MENTIONED IN THIS ARTICLE
WACO
Spi
Texas Farms Bureau
J.T. Woodson
Rogers Morton
Woodson
Texas
Texas farm price index falls as cattle and crops dip
Texas crops and livestock prices eased with all farm products down seven percent from a month earlier. Hogs beef cattle and calves weakened while corn and grain sorghum declined. Parity winners include wheat rice potatoes and mohair while cotton and wool stayed below parity. Regulations on cattle scabies brucellosis altered interstate shipping and county quarantine statuses. Diesel fuel shortages and fertilizer baling wire issues add to farmer concerns.
MENTIONED IN THIS ARTICLE
Texas
Texas Crop and Livestock Reporting Service
Palmer
Potter
Castro
Deaf Smith
Kenedy County
Baylor, Bell
Cass
Henderson
Leon
Mitchell
Navarro
San Saba
Tom Green
Uvalde
Cattlemen Say 1973 Bum Steer Signals Policy Push
George Spencer of the American National Cattlemen’s Association told the Texas Cattle Feeders Association convention that price freezes rollbacks and boycotts show a bum steer year. ANCA will expand its public information program including a new Communications Department led by Roger Berglund to inform lawmakers and consumers. The drive includes five Bureau activities and a push for a government information program supporting free enterprise and cattle industry growth.
MENTIONED IN THIS ARTICLE
Houston
Texas
George Spencer
American National Cattlemen's Association
ANCA
Texas Cattle Feeder’s Association
Spencer
Roger S. Berglund
Berglund
Feedstuffs
Arizona Feeds
Tucson
Arizona
Anca Communications
Milk Line Brings Mountain Milk to Swiss Villages
A plastic pipe system in Switzerland transports milk from high mountain pastures to valley villages. One line can move hundreds of gallons per hour over seven miles of slope, linking farms to community dairies.
MENTIONED IN THIS ARTICLE
Switzerland
Soil conservationists elect officers for 1974
The West Texas Chapter of the Soil Conservation Society of America met in Pecos on November 8. Harold Campbell presided as president, with Lamar Kay as president and J W McDonald as president-elect. Bett Johnson named area range conservationist as secretary. Three 1974 meetings are planned for Alpine Pecos and El Paso, with dates to be announced. The West Texas Chapter is affiliated with the Texas and National Society, SCSA.
MENTIONED IN THIS ARTICLE
West Texas
The
Soil Conservation Society of America
Pecos
Harold Campbell
Fort Stockton
Lamar Kay
Alpine
J.W. McDonald
SCS
el Paso
Bett Johnson
Texas and National Society
Washington D.C
Trans-Pecos
Texas
Harvest progress in western Texas slows with rain and fog
In western Texas last week the fall harvest advanced well but was slowed by a light rain and fog. COLLEGE STATION Texas AP reports that farmers saw steady gains despite the weather.
MENTIONED IN THIS ARTICLE
College Station
Tex
Water Inc rally seeks members across High Plains
Water Inc plans a global and regional drive through December 15 to enlist members in Western Texas and Eastern New Mexico. President A L Black from Friona says the drive aims to inform about water’s role in food and fuel supply amid a shifting standards debate and a world crisis. Agricultural reports note harvest progress across grain sorghum cotton peanuts soybeans and vegetables with moisture conditions varying by district.
MENTIONED IN THIS ARTICLE
Members For Water, Inc
Texas
New Mexico
Black
Water, Inc
Water Inc
High Plains
Also Mentioned on This Page
Economist
James Alderson
Soil Conservation Service
Armecast
Texas Department of Agriculture
John C. White
Pecos Enterprise
Texas Cattle Feeders Association
Cummins Gas Engine
Engine Service
Jimmy Calhoun
Clint Glenn
Balmorhea Hwy
Pest Control Headquarters
Swift Chemical CO
Balmorhea Highway
Swift
Soil Conservationists
United States
Canada
SCSA
A.L. Black, Friona
Mississippi River
Mississippi
Enthusiam
John E. Hutchison
Texas Agriculture Extension Service
Rio Grande Valley
San Antonio Winter Garden
Baker Pump Corp
Baker & Pecos
General Machine Shop
Cottingham Bearing Corp
Crosby Cable
Treanor
Livestock Instruments
Reynolds Rubber & Equipment
Blair
Okla
City Gin CO
Sox
Arvizu Pipe CO
Farm & Ranch Pipe Lines
Manuel Arvizu
Cesspool
Mobil
Johnny Barfield
Feeds, Inc
Sis
Pecos Tractor & Picker
Stafford
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