The third and final list of designated areas eligible for the 2018 Livestock Tax Deferral program has been released.

The initial list was released in September but ongoing analysis of drought conditions resulted in a second and now the third designation of affected areas.

The map of eligible areas includes the majority of the Province.

According to Agriculture and Agri-Food Canada, the livestock tax deferral provision allows producers in prescribed drought 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.

Agriculture Canada says the 2018 Livestock Tax Deferral program covers a portion of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and New Brunswick.

More Ag News

Educating About African Swine Fever

The arrival of African swine fever (ASF) into Canada would be devastating to the pork industry. That from Dr. Egan Brockhoff with Prairie Swine Health Services, who gave a presentation last week at…

Fed Cattle Prices Remain Steady

Fed cattle prices have remained fairly steady over the past few weeks. Brian Perillat is a senior market analyst with Canfax. "Kind of in that transition between the yearlings getting cleaned up and…

Canola Working Group Planning To Meet In Winnipeg

The canola working group is planning to get together next week in Winnipeg. The group was set up to resolve the market access issue affecting Canada’s canola seed exports to China. This would be the…

Canola Working Group Holds First Meeting

The Government of Canada working group on canola held its inaugural meeting on April 4, 2019, to work together to resolve the market access issue affecting Canada’s canola seed exports to China.…

Hog Markets Remain Volatile

he hog markets remain extremely volatile, however, prices do look favourable for Canadian hog producers. That according to Tyler Fulton, Director of Risk Management with Hams Marketing Services. "The…

Breakthrough as Durum Genome Sequenced

An international consortium, including researchers from the University of Saskatchewan, has sequenced the entire genome of durum wheat. The announcement was made this week after an article was…

APAS Meetings Continue in Saskatoon

The Agricultural Producers Association of Saskatchewan has been conducting their annual policy meeting in Saskatoon this week. As expected, the summit has seen a lot of discussion about the carbon…

WestCentralOnline.com is West Central Saskatchewan's only source for community news, weather, and information.

Search the Biz Guide

Login