2018 Livestock Tax Deferral Program Updated

Jan 31, 2019

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.

Source : Discoverestevan

Video: Selling Rams & Helping New Farmers Begin

It’s shipping day again at Ewetopia Farms as we sell another Suffolk yearling ram! In today’s episode, we load one of our Suffolk rams onto the trailer as he heads off to his new farm to sire the next generation of lambs.

This particular customer has been buying our rams for over eight years, trusting Ewetopia genetics for their gentle temperaments, strong builds, and proven performance. Back home, we get busy looking after the flock that’s staying behind. With the weather turning wet and chilly, it’s time to put down fresh, clean bedding to keep everyone cozy and comfortable for the season ahead. Later, we welcome a wonderful new family who’s just starting out in sheep farming!

They’ve chosen some of our Suffolk ewe lambs to begin their flock — and we couldn’t be happier to help them take their first steps into raising sheep. Stay tuned for a follow-up episode when we help deliver and settle their new flock at their farm.