Keeping Cattle in Missouri

1 decade 1 year 4 months 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 vehicle owners will be getting new red, white and blue license plates to commemorate the... More >>
1 hour ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 5:48:16 PM CDT October 16, 2018 in News
JEFFERSON CITY – A New York man pleaded guilty on Tuesday to two counts of attempting to produce child pornography.... More >>
2 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 4:21:00 PM CDT October 16, 2018 in News
COLUMBIA - Jerome Sally, a Hickman High School assistant principal, is suing Columbia Public Schools as a result of "systemic... More >>
3 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 3:23:00 PM CDT October 16, 2018 in News
COLUMBIA - Lt. Governor Mike Kehoe made a stop in Columbia Tuesday to campaign for Proposition D, the gas tax... More >>
5 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 1:28:00 PM CDT October 16, 2018 in News
COLUMBIA - A Royal Inn manager said Tuesday the maintenance team was beginning renovations when the building's second-floor walkway came... More >>
5 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 1:25:00 PM CDT October 16, 2018 in News
JEFFERSON CITY - A federal judge sent the lawsuit over Kenneth Suttner's death back to circuit court on Friday after... More >>
5 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 1:01:17 PM CDT October 16, 2018 in News
(CNN) -- The problem of unsolicited robocalls has gotten so bad that... More >>
7 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 11:19:50 AM CDT October 16, 2018 in News
COLUMBIA - A Kansas woman connected to a deadly car crash in Boone County has been sentenced to five years... More >>
8 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 10:27:00 AM CDT October 16, 2018 in News
COLUMBIA - A Boonville man will spend the next decade in prison after pleading guilty to a deadly 2017 shooting.... More >>
8 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 10:13:00 AM CDT October 16, 2018 in News
CALIFORNIA - A former employee in the Russellville and California school districts pleaded guilty Friday to having sexual contact with... More >>
10 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:43:00 AM CDT October 16, 2018 in News
ST. LOUIS (AP) — Water levels on the Mississippi River are dropping north of St. Louis after high waters forced... More >>
10 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:38:00 AM CDT October 16, 2018 in News
COLUMBIA - A man will spend the next nine years in prison after pleading guilty to a deadly November 2017... More >>
10 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:37:36 AM CDT October 16, 2018 in News
JEFFERSON CITY - The Missouri State Treasurer’s Office put out a warning monday about a tax scam attempt. According... More >>
10 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:12:00 AM CDT October 16, 2018 in News
ST. LOUIS (AP) — Authorities have charged a suburban St. Louis man with stabbing a woman 17 times after catching... More >>
10 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:06:00 AM CDT October 16, 2018 in News
JEFFERSON CITY - The state Capitol building is set to receive interior upgrades after the Missouri Capitol Commission met with... More >>
11 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 7:38:00 AM CDT October 16, 2018 in Top Stories
ST. LOUIS (AP) — Authorities say a suspect in two deadly St. Louis shootings has been linked to a third.... More >>
11 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 7:14:33 AM CDT October 16, 2018 in News
PANAMA CITY, Fla. (AP) — Joanne Garone Behnke has replayed every possible scenario in her mind a hundred times. ... More >>
22 hours ago Monday, October 15 2018 Oct 15, 2018 Monday, October 15, 2018 8:44:00 PM CDT October 15, 2018 in News
COLUMBIA- Columbia Public School's out-of-school suspension rates for black students is double the rate of out-of-school suspensions given to white... More >>
22 hours ago Monday, October 15 2018 Oct 15, 2018 Monday, October 15, 2018 8:06:00 PM CDT October 15, 2018 in News
Columbia, MO
Broken Clouds 56°
7pm 53°
8pm 50°
9pm 48°
10pm 47°