The Government of Canada Wednesday released the final list of designated regions where livestock tax deferral has been authorized for 2017 due to drought, flood or excess moisture. In November, Agriculture and Agri-Food Canada announced the initial list of designated regions in British Columbia, Alberta, Saskatchewan and Quebec, for livestock tax deferral purposes. But, the agency says ongoing analysis has …
Farmers Could Get Irma Related Tax Breaks
Farmers could receive tax breaks on equipment damaged by Hurricane Irma and on fuel, under a proposal by Rep. Matt Caldwell, a North Fort Myers Republican who is running for agriculture commissioner next year. With the agriculture industry facing $2.5 billion in projected losses from Irma, Caldwell rolled out the proposal this week to offer cuts in Florida’s tangible personal …
Farms and Ranches Need Tax Relief Now
from American Farm Bureau Farm and ranch families need a permanent tax code that boosts the agricultural economy and frees them to reinvest in their businesses, Scott VanderWal, a South Dakota farmer, told the House Ways and Means Subcommittee on Tax Policy. “Farmers and ranchers operate under tight profit margins, often at rates of return that are modest compared to …