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Unformatted text preview: st benefit to wealthy gentleman ranchers who earn large incomes from other sources. The
doctors, lawyers, and stockbrokers now running cattle on some of Colorado’s most beautiful land can own big ranches, preserve open space
with easements, and enjoy the big tax deductions. Ranchers whose annual income comes entirely from selling cattle usually don’t earn
enough to benefit from that sort of tax break. And the value of their land, along with the pressure to sell it, often increases when a wealthy
neighbor obtains a conservation easement, since the views in the area are more likely to remain unspoiled.
The Colorado ranchers who now face the greatest economic difficulty are the ones who run a few hundred head of cattle, who work their
own land, who don’t have any outside income, and who don’t stand to gain anything from a big tax write-off. They have to compete with
gentleman ranchers whose operations don’t have to earn a profit and with part-time ranchers whose operations are kept afloat by second
jobs. Indeed, the ranchers most likely to be...
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This note was uploaded on 02/25/2014 for the course MGMT 120 taught by Professor Litt during the Spring '08 term at UCLA.
- Spring '08