Livestock producers in Gaspésie, New Brunswick, Prince Edward Island and Northwestern Nova Scotia eligible to receive tax relief for 2020

May 11, 2021

OTTAWA, ON - The Government of Canada today released a list of prescribed drought regions in Nova Scotia, New Brunswick, Prince Edward Island and Quebec where livestock tax deferral has been authorized for the 2020 tax year.

The Livestock Tax Deferral provision will allow livestock producers in these prescribed regions who reduced their breeding herds by at least 15% to defer a portion of their 2020 income from sales until the 2021 tax year when the income may be at least partially offset by the cost of reacquiring breeding animals, thus reducing the potential tax burden.

The criteria for identifying regions for livestock tax deferral is forage yields of less than 50% of the long-term average as a result of drought or flooding in a particular year. Eligible regions are identified based on weather, climate and production data, in consultation with industry and provinces.

Source : Cision

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.