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Livestock Producers Receive Tax Relief for 2018

 Ottawa, Ontario - Agriculture and Agri-Food Canada

Extreme weather conditions have caused feed shortfalls in several provinces, which has led to designated regions in British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec being eligible for livestock tax deferral provision.

Our Government today released an initial list of these designated regions where livestock tax deferral has been authorized for 2018 due to drought or excess moisture conditions.

The livestock tax deferral provisions allow livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2018 sale proceeds of breeding livestock until 2019 to help replenish the herd. The cost of replacing the animals in 2019 will offset the deferred income, thereby reducing the tax burden associated with the original sale.

Eligibility for the tax deferral is limited to those producers located inside the designated prescribed areas. Producers in those regions can request the tax deferral when filing their 2018 income tax returns.

Source : Agriculture and Agri-Food Canada

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We are cutting our second-cut alfalfa hay! Our machinery hasn't been repaired, but the weather is clear, so we take our opportunity to get back on the fields making hay. The alfalfa crop was ready to harvest, and any delays would result in poor quality feed for our sheep, so we decided to go ahead and get that mower rolling. We have a little crop talk about how we cut the hay with our John Deere hydrostatic mower, how we lay the hay out flat in rows to help it dry quicker, and how the two different plantings in that hay field have developed at varying rates and densities. We discuss the quality of the alfalfa hay and show how differing percentages of grasses mixed in with the alfalfa make a difference in the volume of the hay harvested. Hay is the primary feed source on our sheep farm. Getting it done just right is imperative for sheep farming, sheep health, and sheep care. Quality feed sets the stage for producing productive and profitable sheep and allows for feeding throughout the winter season when pasture grazing is no longer an option for those farmers raising sheep in cold climates such as Canada. While in the hay field, we also have a look at the adjacent corn crop and marvel at how well it has developed in such a short period of time.