Resources To Help With Tax Relief For Livestock Producers

Aug 10, 2015

Alberta Agriculture and Forestry has a pair of resources available to help producers with the federal livestock tax referral.

“Agriculture Canada recently released a list of designated regions on the prairies where tax deferrals have been authorized for 2015,” says Rick Dehod, farm financial specialist, Alberta Agriculture and Forestry, Edmonton.

“The designation allows livestock producers in prescribed regions who are facing feed shortages to defer a portion of their 2015 sale proceeds of breeding livestock for one year in order to help replenish that stock in the following year. Proceeds from deferred sales are then included as part of the producer’s income in the next tax year, when those proceeds may be at least partially offset by the cost of replacing their breeding animals.”

To help navigate the process, the Alberta Ag-Info Centre has a .pdf available entitled Understanding the Federal Livestock Tax Referral. “This .pdf contains an overview of the program as well as some frequently asked questions and answers,” says Dehod. “It also explains how the deferral is calculated and includes an example.”

Source : Agriculture and Forestry

Video: FLEECED! Sheep Shearer Hands Over Clippers!

It's sheep shearing day at Ewetopia Farms! ?? Our Dorset lambs and ewes are getting fleeced — and for the first time, our shearer hands over his clippers to a beginner. We finish shearing the last of our adult ewes and this year’s Dorset ewe lambs.

From moving the sheep between barns, loading them into chutes, and watching the wool come off, this is always one of the most satisfying days on the farm. But this video has a twist — we welcomed a new helper, Gian, who’s not only lending a hand but also learning how to shear! With guidance from our experienced shearer, he got a crash course in sheep shearing and even tried his hand at shearing a couple of lambs himself.

You’ll see firsthand how both teacher and student handled this unique challenge. Shearing is more than just removing wool — it’s about sheep health, comfort, and giving us a closer look at the flock. It’s always amazing to see the transformation from woolly sheep to freshly shorn ewes and lambs.