Keeping Cattle in Missouri

1 decade 11 months 3 weeks ago Tuesday, May 29 2007 May 29, 2007 Tuesday, May 29, 2007 5:36:24 PM CDT May 29, 2007 in News

The proposed tax break aims to keep Missouri cattle in the state longer.

"It will affect all of rural Missouri. It will allow for more feeder cattle to stay and be fed here in the state of Missouri which obviously adds more dollars to the economy of the state," Ken Disselhorst from the Missouri Cattlemen's Association said.

The tax credit would specifically apply to cattle that weigh more than 450-pounds. That's the weight when cattle are typically weaned off milk.

State Representative Charles Schlottach said more than 50% of Missouri's two million cattle are shipped out of state before they reach 450 pounds. The tax credit could help keep cattle that weigh more than 450 pounds.

A University of Missouri beef economist said keeping cattle in the state longer means beef producers will spend more money here, instead of somewhere else.

"With our growing ethanol industry, it's probably also going to help with that as far as feeding the byproducts from the ethanol plants," farmer David Grant said.

An MU study said every dollar in tax incentives translates into an economic benefit worth $13.50.

It also said the economic benefit from 1,000 cattle could maintain six full time jobs off of the farm. The beef tax credit would allow up to $30 million in tax breaks.

The tax break measure is awaiting the governor's signature.

More News

Grid
List
JEFFERSON CITY (AP) - Missouri Gov. Eric Greitens was pulled over Friday while speeding. Spokesman Parker Briden in a... More >>
10 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 6:21:00 PM CDT May 22, 2018 in News
JEFFERSON CITY – The next phase of a new VA facility in Jefferson City is underway. Jefferson City Council... More >>
10 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 6:16:00 PM CDT May 22, 2018 in News
KAISER - One family says it is facing an immigration nightmare. Jia McDevitt's parents were detained at the Jacksonville, Florida, port... More >>
11 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:20:00 PM CDT May 22, 2018 in News
COLUMBIA - MUPD hosted a Citizen's Response to Active Threats training Tuesday. MU senior Olivia Botonis said learning about... More >>
11 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:05:00 PM CDT May 22, 2018 in News
JEFFERSON CITY (AP) - Like actors rehearsing a script, Missouri lawmakers on Tuesday publicly read aloud the previously secret criminal... More >>
11 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 4:35:00 PM CDT May 22, 2018 in News
COLUMBIA- Missouri Lt. Gov. Mike Parson toured Columbia Tuesday afternoon to visit new business locations and talk about everything from... More >>
12 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 3:42:00 PM CDT May 22, 2018 in News
JEFFERSON CITY (AP) - A Missouri environmental group is suing to overturn a law that lengthens the process the Department... More >>
13 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 2:56:00 PM CDT May 22, 2018 in News
COLUMBIA - A jury trial in a wrongful death lawsuit in Carl DeBrodie's death is scheduled to begin March 2,... More >>
15 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 1:20:00 PM CDT May 22, 2018 in News
COLUMBIA - The Columbia City Council failed to pass the controversial Henderson Branch sewer project in a 3-3 vote Monday... More >>
17 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 10:49:00 AM CDT May 22, 2018 in News
JEFFERSON CITY (AP) — The Latest on allegations against Gov. Eric Greitens (all times local): 5:35 p.m. ... More >>
18 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 10:12:00 AM CDT May 22, 2018 in News
SPRINGFIELD (AP) — Springfield police say an 8-year-old girl who hadn't been seen since early Tuesday has been found... More >>
19 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 8:36:00 AM CDT May 22, 2018 in News
COLUMBIA - In the wake of the deadly Santa Fe High School shooting , the MU Police Department will be... More >>
20 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 7:43:00 AM CDT May 22, 2018 in News
BRUSSELS (AP) — Facebook CEO Mark Zuckerberg faces senior European Union lawmakers later Tuesday to answer questions about a... More >>
23 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:22:00 AM CDT May 22, 2018 in News
COLUMBIA - The Columbia Police Department said it found a missing teen around 1 a.m. Tuesday. Authorities said Brice... More >>
23 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 4:41:00 AM CDT May 22, 2018 in News
COLUMBIA - Columbia residents will have a chance to learn about - and talk about - climate change Tuesday night.... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 3:00:00 AM CDT May 22, 2018 in News
COLUMBIA - An on-going rift between two east campus communities has come to a breaking point. Non-resident property owners want... More >>
1 day ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:29:00 PM CDT May 21, 2018 in Top Stories
KANSAS CITY (AP) — A Kansas City man who told authorities he was hearing "voices" when he wounded two... More >>
1 day ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:07:41 PM CDT May 21, 2018 in News
COLUMBIA - More than 670 motorcycles poured into the Phillips 66 gas station off I-70 as the "Run for the... More >>
1 day ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 6:05:00 PM CDT May 21, 2018 in News
Columbia, MO
Broken Clouds 67°
5am 67°
6am 66°
7am 67°
8am 71°