I'm not all that knowledgeable on the farming aspect. but I do know that breeding livestock is considered a form of farming by the IRS and is therefore reported on SCH F. Overall, you may wish to seek professional help if this is your first year dealing with this. That way you can make "educated" decisions on the best path to chose for your specific situation. Otherwise, you risk regrets that you flat out can not undo "at" "any" "cost" in the future. So the cost of professional help for the first year would probably be well worth it.
