American Ranch

Chapter 41 A Brand New Ranch

The weather is getting colder.

Especially at night, the temperature drops below zero degrees Celsius.

I don't want to get up in the warm bed in the morning...

After taking a sip of ginseng soup, Chen Mo got up stretched and opened the door of the room.

In the cold late autumn, Erha still hadn't unlocked its IQ, and the moment he opened the door, he ran out like the wind...

The night was cold, and the ground was covered with frost. Erha still wanted to go out every day and run wildly back and forth, making a sharp turn without stopping, falling and screaming.

The Jinsha River has been scoured all over again.

Chen Mo sprinkled 365 kilograms of gold in the creek and recovered only 341 kilograms.Missing a full 21 kilograms, two Ferraris...

Chen Mo beat his chest and stamped his feet angrily as a child who was used to a poor life, and was going to wash the tailings again.But today is not the time.

Chen Mo took fifty gold bars and sat in the pickup truck, first went to Brett's residence, this guy went to Seattle, and drove back a hot red Lexus LC, 3.5LV6 engine, naturally aspirated sports car.

"Take my car." Brett patted the roof of the car and said with a smile.

Chen Mo lifted his pocket and sat on the passenger seat, looking at the interior: "Beautiful Lexus, how much is this car?"

"$10 is not difficult for you." The ranch has a cement road connecting to the state road. The site of this car is not high, and it has the function of lifting the front tires.On the asphalt road on the intercontinental road, the car started to exert force...

"Drive slowly, there is a wildlife sanctuary ahead."

"Don't worry. The front view is wide..."

Chen Mo also wants to buy a car like this.

The air conditioner of this type of car is usually not good, and it gets hot when sitting on it, and I want to take off my clothes...

At the gate of the bank, Cohen was waiting outside. Seeing Chen Mo twisting a heavy bag, he made an invitation gesture with a smile on his face: "Please."

Chen Mo smiled...

Entering the VIP room, there are two men in suits, one is fat and the other is thin, both in their early thirties, with an arrogant look on their faces, as if they look down on country people.

"These two come from the headquarters and are in charge of the gold business." Cohen laughed.

"Hi, I don't know how much gold you have in your hands." The fat man said, giving the respect that a rich man should have at least.

"Have you seen the gold before?" Chen Mo asked without answering.

"I've seen it, and the color is good. But the quantity is too small." The thin man shrugged, because the gold they came to Montana from New York was not worth the money.

"I don't know your quotation?" Chen Mo stroked the stubble that had sprouted from his chin, and looked at the two of them.

"If there are only these two pieces, it's not worth our quotation. How much gold do you have?"

Chen Mo hesitated for a while, then gestured with two fingers.

"Two thousand ounces?" The fat man's eyes lit up.Two thousand ounces, not in vain this time.

Chen Mo shook his head.

"Two hundred?" One fat and one thin looked at each other.

Brett was speechless: "Are you stupid? Are you stupid? Shet." He picked up the two gold bars left on the table before: "These two gold bars are more than 70 ounces, how could we only have [-] ounces?" .”

Commissioner Gold was not angry, but stared at the same time: "Twenty thousand."

"Two tons!" Chen Mo had a look of contempt, naked contempt: "Two tons. I have two tons of gold. Tell me about your quotation and how you can help me avoid the damn income tax."

"Hiss~~" The two gasped at the same time, and even Cohen, who was smiling before, stood up abruptly.

"Two tons, no kidding." Cohen said.

"Two tons... It may be a little short, but not too bad." Chen Mo took the ashtray on the table, took out a cigarette and lit it: "Your quotation."

"$1200."

Chen Mo had just lit a cigarette, and only had time to take a puff. When he heard the quotation, he picked up the gold bars on the table and prepared to leave...

Cohen quickly stopped Chen Mo: "The price is negotiable. How about $1220?"

"1240." Bright said: "Your bank is not the only one that recycles gold, for the sake of our friends... $1240 per ounce."

"Does your gold...have a legal source?"

"Of course, we have a gold panning license." Bright laughed, "Otherwise, we wouldn't raise the issue of income tax. It's $1240, and you have to pay the transaction tax."

"We can't decide this matter, can you give us two more days?" the fat man said.

"Two days..." Brett looked at Chen Mo, and Chen Mo nodded: "No problem, just two days. By the way, Mr. Cohen and I signed a confidentiality agreement. I don't want too many people to know that I have a lot of gold."

"We know. The bank pays the most attention to reputation, you can rest assured." The thin man lowered his high profile and bowed to Chen Mo.

Chen Mo took out the gold he brought, the thin man stayed for appraisal, the fat man got up and left...

The purity of these golds does not meet the 999 standard, and the gold content is also 97%.

Gold trading is very troublesome, not to mention a large amount of gold trading, the entire transaction process lasted for a month.The difference is tens of kilograms to two tons...

That's a total of 62408.8 oz.

$1240 per ounce, with a total value of $7738.7 million.

Repay bank loans of 3850 million.

The amount of loan interest is calculated based on the amount used month by month...a total of 80 interest.

Then pay off the 1581 million debts of the ranch itself (buying cattle, sheep, equipment, infrastructure construction of the ranch).

Then start thinking about filing taxes.

There are two things that cannot be escaped in the United States, death and tax returns.

For example, in the Snow Mountain Ranch, Chen Mo’s previous investment was more than 800 million, and the current valuation of fixed assets is 3500 million (only counting the land, ranch and housing construction).

First you have to pay land tax.

Income tax, because a large amount of income is used to repay debts, the income tax that needs to be declared is only more than 2000 million.

However, if Chen Mo sells the Snow Mountain Ranch in the future...

When Chen Mo bought the Snow Mountain Ranch, the initial investment was only about 800 million.If the ranch is sold in the future, the tax base will have to start from more than 800 million...

There are too many items that need to be declared. Chen Mo invited a special tax reporting company and the accounting department of the bank to sort out the best way to declare taxes.

Land tax is not negotiable, $107 million.

The highest income tax is 20.00%, of which the state tax is [-]%.It is much more cost-effective to use the name of the ranch to file taxes than personal income...

Then there is the pasture infrastructure construction, the Ministry of Agriculture has given a certain amount of subsidies...

It ended up paying $490 million in taxes.

Chen Mo was busy declaring taxes, and Bright rewrote the development plan of the ranch at the ranch...

Debt free.

Chen Mo returned to the ranch in a happy mood and sorted out the ranch's financial statements.

The ranch currently has two accounts, one is the ranch's own account, and the other is the ranch's investment account, which belongs to Chen Mo exclusively.

There are 3650 breeding cattle in the pasture, all of which are adult cattle (bulls and cows).There are 700 calves and 361 fattening cattle.

Dorper sheep, 951 breeding sheep and 61 lambs.

There are nearly [-] reed chickens.

There are nearly a thousand black-bone chickens.

The ranch has a large feedlot, which can raise 1.5 cattle at full capacity.Now that the funding gap has been resolved, so many cattle will not be raised, and 3650 breeding cattle will slowly reproduce, which is almost enough.

The scale of Dorper sheep is planned to expand to 4-6 thousand, and 5000 lambs can be sold every year, which is not difficult.

The ranch account has 371 million US dollars, zero debt... This money is enough for the normal operation of the ranch.

The ranch investment account has 1737 million, which is equivalent to Chen Mo's private account.Snow Mountain Ranch was originally owned by Chen Mo privately, with [-]% holding...

How much did it cost in total?

6860?
About that much.

The ranch land is 3500 million, and the cattle cost more than 1000 million.They are all adult cattle, each weighing more than 530 kilograms.The average weight of Limousin cattle is around 700 kg.

A total of more than 4000 cattle were bought, and the average price was higher than the market price.

The construction of pasture cattle pens, a large number of wooden fences were placed on more than 1 hectares of land.Buying a lot of machinery and equipment, redesigning the structure of the ranch... It cost 600 million here.

Construction of cattle farms and sheep farms, cow dung and sheep dung treatment plants.

Establish breeding bases, laboratories, sperm cold storage... Newly build a large number of grain barns and feed processing plants.Drill the well...

Every expenditure on the ranch is clearly recorded.

Bright's previous development plan was for Snow Mountain Ranch to earn $7000 million in five years to pay off debts and loans.It can be said that the construction of the ranch is done in one step without any delays. It is necessary to make the Snow Mountain Ranch operate at full capacity as soon as possible.

Such an approach is very radical and risky, but there is no other way.Otherwise, with so many loans and liabilities, just a question of interest can bring down the ranch.

(End of this chapter)