If this new rancher really wants to build a 2 million dollar fence he would be way ahead of the game to pay for it out of his own pocket. He could at least deduct a portion of the expense from State and federal taxes but by receiving it as a gift the tax bite just on the initial gift is going to hit him like a ton of bricks and will be constructed by a bunch of amateur retirees in cool weather..
Wonder how much Ladd is going to have to pay in gift taxes for his new livestock fence?
Shouldn't he have had a livestock fence already?