- 6 -
types on the property and the potential plant communities for
such soils, but it did not indicate the number of cattle the land
was capable of supporting in its current condition.
In 1996, petitioner placed cattle on his ranch for the first
time, grazing 23 head. Animals were also placed on parcel 2 in
1997 and 1998, when 40 and 33 head, respectively, were grazed.
With regard to other activity on the property, petitioner dug an
additional well in 1996, began ripping the land in 1997 for
purposes of growing alfalfa, and planted a 40-acre field of
winter wheat in 1998. He also obtained additional field
inventory reports in 1997 and 1998. The 1997 report recommended
grazing no more than 17 animals with the land in its current
condition, and all reports addressed the use of an irrigation
system to facilitate increased grass, crop, and animal
production. As of early 1999, no alfalfa had been planted, no
winter wheat had been harvested, and parcel 2 was not yet
irrigated.
Through 1996, petitioner visited his ranch 15 to 17 times
per year and stayed 3 to 4 days per visit. He kept no separate
books and records for his ranching operations, but he recorded
the checks and receipts relating to the ranch in a separate file
on his personal computer. He then gave this information each
year to his accountant for use in preparing petitioners’ tax
return.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011