The Agriculture Producers Association of Saskatchewan (APAS) has asked Canada’s agriculture minister in a letter to extend the 2018 Livestock Deferral Tax credit because of drought conditions. “Two extremely dry years have left some of our producers with no choice but to sell some of their herds because hay is not available and feed costs are too high,” APAS President Todd Lewis said.The program allows farmers who sell part of their breeding herd due to drought or flooding in prescribed drought or flood regions to defer a portion of sale proceeds to the following year, according to the Government of Canada website.
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Watt Ag Net