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Tax Relief is Available for Producers Hit by Drought
2013-01-16 16:38:00| National Hog Farmer
Source: Purdue University Help is available for some midwestern livestock producers facing higher income tax bills because the drought forced them to cull and sell more animals than normal in 2012, two Purdue Extension agricultural economists say. The lack of forages and the high cost of feed led many producers who might normally have carried livestock through the winter to instead sell them at weaning. More sales at weaning usually would mean more taxable income in 2012. But there is help in the form of income deferment and averaging. read more
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Category:Agriculture and Forestry