Beef Producers Could Get Tax Break If Blunt Signs Bill

US - Beef producers could be enticed into keep their calves a bit longer under a bill sitting on the governor's desk.
calendar icon 5 June 2007
clock icon 1 minute read
A $30 million beef tax credit is buried among a number of tax credits and incentives included in the $100 million-plus economic development bill, HB 327, Governor Blunt has yet to sign. Rep. Charlie Schlottach (R-Owensville) says the credit will provide an incentive to fatten calves here rather than sell them to out-of-state feedlots.

Missouri is the number two cow-calf state in the country; a $1 billion industry. Most calves, though, are shipped out-of-state to fatten and finish. Schlottach believes that if enough producers fatten, finish and process more cattle here the industry can grow to a $4 billion industry. Schlottach says a University of Missouri study indicates that for every one thousand calves fattened, six jobs will be added to the state workforce.

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