Timber is usually taxed as a long-term capital gain, so landowners can subtract their cost basis when figuring tax liability. But if landowners don’t have this basis, they have to pay tax on the full amount of the sale.
Establishing a timber tax basis can save money
Tapping nature's sweetness in an unexpected place
Grade A, Missouri maple syrup can be had right here in Boone County. Rich Guyette, professor of forestry at MU, has been harvesting, boiling and bottling the sweet stuff for the last 36 years on his property near the Baskett Wildlife Research and Education Center.
Five CAFNR faculty members elected Fellows in AAAS
Five faculty members in the College of Agriculture, Food and Natural Resources have been elected to the rank of Fellow in the American Association for the Advancement of Science; seven were selected University-wide in 2011.
The 2011 Field Day season concluded at Wurdack Research Center, Crawford County, with presentations on silvopasture, how to improve forage quality, and deal with changes in the cattle market. Attendees also saw the dedication of the Munson Education Building.
A nuisance tree in Missouri may yield a new MRSA treatment
A team of scientists from disparate disciplines at the University of Missouri have found preliminary evidence that a compound from a nuisance tree that hinders farming could be a new anti-microbial agent effective against a dangerous infection plaguing hospitals.
MU Tiger Fire Crew gives students prairie burn experience
John Dwyer, associate professor in forestry, thinks this experience is crucial in developing a resume for potential fire management positions within different federal and state agencies. “I think the Tiger Fire Crew can play an integral role in helping our students realize their full potential in fire management,” he said.