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listed the Maple Row cattle that were registered with the AHA and
their registration numbers. Based on the herd inventory records,
Maple Row’s cows produced the following offspring in the years
indicated:
Year Heifers Bulls Total
1990 13 6 19
1991 10 7 17
1992 15 15 30
1993 17 20 37
1994 27 24 51
1995 30 23 53
In 1998, two of the cows in the Maple Row herd received “Dam of
Distinction” awards from the AHA for exceeding certain calf
production standards as measured against other cows in the herd.
One cow had produced nine calves and the other six.
Although petitioners did not have a written business plan
for Maple Row, Dr. Burrus anticipated that the cattle operation
would begin to show a profit once his herd reached 100
“productive”–-i.e., calf-bearing-–cows. Dr. Burrus anticipated
selling the male offspring at the age of 2 for approximately
$2,000 each, as well as a small number of culled females while
retaining the remaining females to build the herd.
The primary financial record maintained in connection with
Maple Row was a ledger used to record the activity occurring in
the three bank accounts petitioners maintained for the purpose of
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Last modified: May 25, 2011