The IRS has listed counties eligible for an extended replacement period for drought sales of livestock. Owners in specified areas now have at least until the end of 2025 to replace the involuntarily converted animals.
Roger McEowen with the Washburn School of Law spoke with RFD-TV’s own Tammi Arender on what this process entails, the duration of the replacement period, and eligibility.
FIRM TO FARM: Extended Replacement Period for Weather-Related Livestock Sales
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RanchHERs Penny Kasun and Dani Jeanne Lawrence of 7-Up Ranch in Prescott, Arizona, joined us Monday on Market Day Report to discuss the next all-new episode of the show.
Janie ventures to the desert in Prescott, Arizona for cattle branding at the 7UP ranch with Penny Kasun & Dani Jeanne Lawrence.
Janie camps out on the historic YP Ranch with the operation’s matriarch, RanchHER Renee Jackson, her family, and a talented crew of cowboys as they wrap up part of branding season on their remote and expansive operation located on the state line of Nevada and Idaho.
