Volusia Business News: Happy cattle mean lower taxes
By Cecil G. Brumley, Hometown News
Adams Ranch and Miami Corp. announced last week that Adams would be running about a hundred head of cattle on the 1,125 acres of land owned by Farmton Deering Park within the City of Edgewater.
Miami Corp. eventually plans to develop the land for residential and commercial uses, expanding Edgewater well west of Interstate 95. The company also plans to create Farmton, a community that could eventually have as many as 25,000 residents.
So, why the move to cattle when Miami Corp.’s operations have mainly been timber, hunting leases and mitigation banking?
For Miami Corp., it could mean millions of dollars of savings on taxes while it clears land and gets ready to develop it.