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
Related Stories
While treatable with a vaccine, anthrax is a dangerous threat to cattle herd health if not identified and treated immediately.
Smaller flocks and lower lay rates are pressuring table egg supplies, even as hatchery activity edges higher.
Strong corn exports are anchoring U.S. trade, while soybean sales remain steady, but shipments lag.
Smaller slaughter numbers across beef and pork signal tighter supplies into late 2025, while record-low veal production highlights ongoing structural changes in the sector.
Beal joined us on Friday’s Market Day Report to discuss her election to NASDA’s presidency, challenges facing American agriculture, and her background as a Mainer and dairy farmer.
Farm CPA Paul Neiffer joined us on Friday’s Market Day Report to break down what this extension means for affected ranchers.
