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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The request follows pressure from the American Sheep Industry Association (ASIA), which called for a formal investigation into whether lamb imports from Australia and New Zealand have cut into the U.S. market share.
The facility will increase the range of sterile fly release and bolster preparedness for New World Screwworm.
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FD-TV’s own Tammi Arender caught up with Gregg Doud, President and CEO of the National Milk Producers Federation.
