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the farm's staff to develop a business plan for the farm.
Petitioner regularly interacted with Dr. Haaland on the Bendabout
business plans and has followed Dr. Haaland's recommendations.
In 1990, after submitting numerous drafts to petitioner and
following several years of on-site work, Dr. Haaland completed
the business plan for Bendabout. The purpose of the plan was to
refine objectives and strategies to improve the income potential
of the farm. It analyzed the horse boarding operation, described
the businesslike manner in which the operation was then being
conducted, and concluded that more aggressive marketing should be
implemented to increase the projected profit by 10 percent per
year.
During the years in issue, Dr. Haaland traveled frequently
to Flying H. He spent time there during the various seasons in
an effort to appreciate the property's multi-seasonal use
potential. Dr. Haaland and Archie MacCarty (MacCarty), the
manager of Flying H worked closely to develop a business plan for
the ranch.
Issue 1. Whether Petitioners' Farming Activity Known as Bendabout
Farm was an Activity Engaged in For Profit
Bendabout Farm
During the years in issue Bendabout Farm consisted of
approximately 2,000 acres, most of which was utilized as follows:
Alfalfa/rye 32 acres
Corn 62 acres
Cattle 215 acres
Horse boarding 191 acres
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Last modified: May 25, 2011