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FLEXIBILITY AND OPTIONS FOR PRODUCERS DEALING WITH DRY CONDITIONS

posted Jul 2, 2015, 4:15 PM by Cierra Wallington   [ updated Jul 23, 2015, 4:30 PM ]
Livestock Tax Deferral Provision

To defer income, the breeding herd must have been reduced by at least 15 per cent. Thirty per cent of income from net sales can be deferred if the breeding herd has been reduced by at least 15 per cent, but less than 30 per cent. Where the herd has been reduced by 30 per cent or more, 90 per cent of income from net sales can be deferred.



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