Unit-livestock-price Method

Unit-livestock-price Method means:
an elective method used by livestock raisers to value at a standard unit price each animal within a class. For example, if a cattle raiser determines that it costs about $150 to produce a calf and $75 each year to raise the calf to maturity, the classifications and unit prices would be as follows: calves, $150; yearlings, $225; 2-year- olds, $300; mature animals, $375. Former Tax Regulation (check if this Reg. is current here) §1.471-6(e).

See also other Tax Terms and Definitions in U.S.A.

farm-price method.