western iowa,by Denison | redrobin - 5/30/2020 09:59
Several 6 figure checks coming to folks I know. I sure think we will see real estate inflation. The people I’ve heard about didn’t lose anything from corona virus. Some have had a good year .
meanwhile the packer is turning over $1,000 a head profit-with a high over $2,000 a head-and now with 100,000 kill days they are windrowing cash-$250,000 payment limits and if a cattle feeder of fats sold last 4 weeks-just the profits alone if you got the cash the packers made on 200 fats would be $250,000
6 figures profit on 50 head for packers when choice was over $400
Thats ok-they will not be able to hide 6 figure incomes as it will result in 6 figure tax's |
Govt cheese significant
