-7- Over the years, petitioners undertook a number of changes or improvements to their cattle raising activity. They cleared, bulldozed, and brush-hogged portions of the property to make dirt roads and to improve the pasture for the cattle. As previously indicated, they built some fencing and three ponds. They planted Bermuda and Lespedeza grasses on some of the property. Petitioners were thrifty and frequently looked for bargains in managing their cattle ranch. For example, at one point, petitioners made a bargain purchase of 26 tons of feed pellets. To store the feed, they poured all 26 tons of it through a chimney and into an unoccupied old ranch house on the property. For many years, they fed their cattle from old used bathtubs, which they purchased for this purpose, rather than spend $300 each for cattle feeders. In 1993, so that they could buy feed in bulk and thereby save on feed costs and related labor, petitioners purchased a bulk feed bin for $3,500. Also in 1993, to save on labor, petitioners changed from using square bales of hay to rolled bales. During the years in issue, on condition that they be allowed to keep the hay for no charge, petitioners made a deal with the State of Oklahoma to cut and bale hay on a nearby State highway right-of-way. Petitioners bought used trucks and equipment, including two junk trucks for parts.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
Last modified: May 25, 2011