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Show Dairy Herd Leasing Now a Tax Shelter ALBANY, N.Y. (UPI) — High-yield blue chips and taxfree bonds m-0-0-0-ve ver. Investors in the 50 percent-andover tax bracket are discovering dairy cows Herd leasing is increasing in popularity in many dairy states not so Northeast. Jolly a farmer most of his life has been running Ag Asset for about7 years. He describes what transpires in the typical investment transaction. An investor in a high income tax Ex-Utahn Named To BLM Position WASHINGTON (UPI) — A former Utahn has been appointed associate director € au of Land important Management, the BLM position. James M. Parker, a career Bureau of Land Management employee, joined the BLMin 1960 as a management analyst. moving through the ranks of the Bureau's Denver Service Center and Washington bracket — “Your average investorwill office Sen. Orrin Hatch called the appointment “another bein a 50 to 60 percent combined state write-offs. It is a wayforinvestors with and federal level,”’ he says — lays out plum for Utah. tax shelters on their minds to cash in on $15,000. Half of that is spent imtax credits and accelerated deprecia- mediately on management fees intion. Their investment dollars give a surance, interest expenses andthe cost lift to cash-poor farmers. of placing the herd. The remaining Therearerisks. But on the faceof it $7,500 becomes a down payment on a BOX SPRINGS & MATTRESS herd leasing is an economic land of $30,000 unit of about 25 dairy cows FULL SIZE & QUEEN SIZE milk and honey for investors, who may Jolly says the investor borrows the expect as much as a 250 percent return rest of the cost of the unit — $22.500 — HOTEL FIRM on their initial investments and‘‘Typically, he borrows through our Dairy farmers mayincrease their sources cash flowby escaping the crushof high Then Ag Asset finds dairy farmers SPECIAL — Limited Time! interestrates on capital loans. Manage- who wantto lease their cows rather ment companiesprofit through healthy than buy them outright through highmuch for the milk profits as the tax 50 SETS John Block Tells Farm Problems Secretary of Agriculture John Block, after meeting with President Ronald Reagan at the White House, holds up a chunkof rotting cheese which he showed Reagan to illustrate the economic problems facing American farmers and dairymen. UPI EPA to Review Coyote Poison — The Environmental hazard to non-target species An agencystatement also said new regulations will encourage proper use of the poison. It said the hearings on whetherto lift a 9-year ban on using a deadlyrodentkiller to poison coyotesin the West EPA's move follows by less than two weeksa request from the Interior Department's Fish and Wildlife Service to reregister the poison, Compound 1080, for limited use against coyotes that allegedly prey on sheep. Useofthe poison to kill coyotes was banned in 1972 after the EPA found 1080 anindiscriminatekiller and a threat to humans. But EPA Administrator Anne Gorsuch said hearings her agencyconducted in Denver and Washington in July developed “‘substantial new information that the finding wasin error. “Compound 1080 has been widely used in the United States since 1972 to control rodents without any reported humanfatality,” Mrs. Gorsuch said. “Further, pharmacological research suggests 1980 may metabolize rapidly to a less harmfulsubstance. casting doubt on the conclusion ir the 1972 orderthat cancelling 2% years of painstaking research by a previous administration smacks of a political giveaway to western sheep andcattleinterests.” he said If it is re-registered for limited uses Compound 1080 would becomean additional weapon in an $18 million a year federally subsidized program to help the chemical is a primary and secondary poisoning sheep rancherskill predators. Creer Offers Clarification Dr. Kenneth B. Creer, Utah Commissioner of Agriculture has clarified a newsrelease from his office regarding brucellosis which concluded “Rememberthat female cattle sold in Utah must be vaccinated, ‘S’ branded, or sold to a quarantined feed lot.” Creer said cows that pass the negative brucellosis test within 30 days prior to sale can be sold. They can go into breeding herds,” he said But, as in so many tax abatement schemes, the nobody-loses appearance is somewhat illusory. John Q. Public is behind investment cow-power. His tax dollars provide the horsepower. Doug Jolly, 38 is president of Agricultural Asset Management Co. Ine. of Salem N.Y. The firm leases dairy herds to operators throughout the interest bank notes. A farmer pays a flat monthly fee. Jolly says the fee covers the use of the cows and insurance. Thefeeitself is based on the actual purchaseprice of the herd. Forhis part the farmer keepsall the milk profit. He also keepsall the calves that happen along during the period of the contract, which after renewal averages about 7 years. KingSize toxic sheep collar and the single lethal dose bait — may be safer and more efficient than past practices. Dr. John Grandyof the Humane Society said it was “‘a lethal joke” to suggest that putting poison collars on sheep andlimiting 1080 bait doses will restrict the HOTEL SALES, INC. Holiday homes... lethal substance to coyotes preying on sheep. “Once 1080 is on the groud...almost any animal will eat it and it will kill any animal that eats it, including grizzly bears and golden eagles.” he said “The whole idea of 2'2 days worth of hearings F iy Baskin the glow of é handsome Imperial Brass 49.99 NEW departmentin Cache Valley Mall everybody shares in the savings! ZCMI Lamps Reg. 89.95 choiceof three tabletop traditionals rich with turnings that enhancethe burnished beauty of the distressed brass finish under pleated beige shades. 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