Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due to climate change, when announcing a list of regions eligible for the deferral on June 14. The LTD allows producers in designated areas, who were […] Read more
Feds announce early livestock tax deferral
Livestock tax deferral list begins in West for 2023
AgriRecovery work 'progressing,' feds say
The level of drought in parts of Western Canada so far this year has given the federal government a head start in drafting its list of jurisdictions where producers can get in on the livestock tax deferral provision. Agriculture Minister Lawrence MacAulay on Monday announced an initial list of designated regions for the provision for […] Read more
Livestock tax deferral program kicks in early
Program is aimed at helping producers rebuild their herds
Reading Time: < 1 minute Ottawa has started up its Livestock Tax Deferral months ahead of normal to give producers who have to sell cattle a better economic route to rebuilding their herds next year. Alberta Beef Producers and other cattle groups had requested the earlier-than-usual start to the program. Some also want an expansion of the deferral provision beyond just […] Read more
Tax deferrals, crop insurance changes en route against drought
Assessments underway for AgriRecovery, minister says
Updated — As the federal government looks to manage impacts of ongoing drought conditions in Canada’s West, producers in parts of five provinces can already expect to be eligible for the livestock tax deferral program. Agriculture Minister Marie-Claude Bibeau announced Thursday in Winnipeg that producers in drought-designated areas of southern Alberta, southeastern British Columbia, northwestern […] Read more
Request line open for AgriRecovery drought plans, Bibeau says
Formal ask needed to trigger process: ag minister
Canada’s federal agriculture minister says the government is “ready to receive formal submissions” from provinces for AgriRecovery plans to help Prairie farmers and ranchers up against significant droughts this summer. Marie-Claude Bibeau, summarizing discussions from Thursday’s online meeting with provincial and territorial (FPT) agriculture ministers, said the formal requests “are needed to trigger the process,” […] Read more
How’s the weather on your farm?
Reading Time: < 1 minute Agriculture and Agri-Food Canada is seeking volunteers to submit weather and climate reports for their farm for the online tool called the Agroclimate Impact Reporter. The weather data is used to better understand local and regional conditions, and to help identify emerging trends and anomalies. It is also used for programs such as AgriRecovery and […] Read more
Livestock tax deferral regions announced
Reading Time: < 1 minute Ottawa recently announced its initial list of eligible regions for the Livestock Tax Deferral Provision months earlier than usual. There are 30 counties and special areas named in Alberta, concentrated along the southern side of the province and in the north and northwest. The provision allows producers who sell part of their breeding herd to […] Read more
Livestock producers receive tax relief for 2019
Drought in Western Canada and Quebec has prompted the federal government to release an initial list of regions eligible for livestock tax deferrals. The livestock tax deferral provision allows livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2019 sale proceeds of breeding livestock until 2020 to help […] Read more
More counties eligible for livestock tax deferral
Reading Time: < 1 minute In an unusual move, Agriculture Canada has added a third set of areas eligible for the federal livestock tax deferral. This allows cattle producers affected by severe drought or excess moisture to defer a portion of their income earned from selling part of their herd. The cost of replacements in 2019 will offset the deferred […] Read more
Ten more counties eligible for tax relief
Livestock tax deferral program assists livestock producers who had to cull their herd this year
Reading Time: < 1 minute Another 10 Alberta municipalities are now eligible for the federal government’s livestock tax deferral program. Agriculture and Agri-Food Canada’s initial list of eligible municipalities issued in September has been expanded to include many counties passed over the first time. Municipalities are only eligible for the program if forage yields fall below 50 per cent of […] Read more
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