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Livestock Producers get Income Tax Relief After Drought
2013-01-18 01:00:00| ThePigSite - Industry News
US - Some Midwestern livestock producers might find themselves facing higher income tax bills if the drought forced them to cull and sell more animals than normal in 2012 - but help is available, two Purdue Extension agricultural economists say.
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U.S. drought eases in some areas, but Plains still suffer
2013-01-17 21:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: A series of rain showers helped ease drought conditions in parts of the United States over the last week, but drought expanded slightly in parts of the U.S. Plains, according to a report issued Thursday. Officials in north-central Oklahoma declared a state of emergency due to record low reservoir conditions and public and private interests throughout the central United States hardest hit by drought were examining measures to try to cope with ongoing drought. Roughly 58.87 percent of the contiguous...
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Webinar Series Will Focus On Managing Drought Risk On The Ranch
2013-01-17 16:39:00| Beef
SDSU news release The webinars, which will be presented the last Wednesday of each month beginning Jan. 30 and conclude in May, are designed to provide ranchers with the tools they need to set critical trigger dates, and begin to develop a long-term management plan. read more
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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U.S. Drought In 2013 Hurts Cattle Ranchers With Dry, Poor Wheat Crop
2013-01-15 19:38:50| Beef
Huffington Post Oklahoma rancher Kent Donica has given up. The drought that has ravaged pastures on his ranch and throughout the region has won. read more
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