Producers who liquidate excess livestock due to drought normally have at least two years to reinvest the proceeds. However, following record dry conditions in some areas, there could be an extension for select counties.
Ag CPA Paul Neiffer spoke with RFD-TV’s own Janet Adkison on what producers need to keep in mind post-sale and what can be deferred.
Related:
Senate Committee hears how to best support western ranchers during drought crisis