PARKER, Colo. (RFD News) — Dry conditions continue creating difficult decisions for some ranchers across agriculture, including whether livestock herds may need to be reduced because of drought.
Farm CPA Paul Neiffer joined us on Thursday’s Market Day Report segment to discuss some of the tax tools and elections available to producers impacted by drought-related livestock sales.
In his conversation with RFD News, Neiffer explained several tax elections producers may be able to use when forced to sell excess livestock due to drought conditions.
The discussion also focused on which options may work best for many operations and some of the first steps producers should take when evaluating their situation.
Related Stories
Researchers say demand for green fertilizers continues growing alongside environmental regulations and rising consumer interest.
Bushel’s State of the Farm report found that many producers are willing to test new tools.
ISA says Southeast Asia continues driving demand for soy-based feed products through expanding livestock and seafood industries.
With U.S. cattle supplies already tight, drought response remains a long-term supply issue.
RFD News Farm Legal Expert Roger McEowen discussed red flags landowners should watch for during property transactions.
ASFMRA’s Howard Halderman says several economic and policy issues are continuing to influence the farmland market.
