Malatya Haber Ranchers could delay some taxes due to drought
Home News Livestock Crops Markets Hay, Range & Pasture Home & Family Classifieds Resources This Week's Journal
Commerical Hay Equipment For The Farm
Agro-Culture Liquid Fertilizer

Farm Survey

Journal Getaways

Reader Comment:
by Greater Franklin County

"Thanks for picking up the story about our Buy One Product Local campaign --- we're"....Read the story...
Join other discussions.

Ranchers could delay some taxes due to drought

OKLAHOMA CITY (AP)--Ranchers who sold livestock in 2012 because of drought may qualify for a delay in paying some taxes.

Nathan Kemper of the Southern Risk Management Education Center says some ranchers sold because of water shortages, poor grazing, or other drought-related conditions. He says ranchers must meet three conditions to qualify for delayed tax payments.

They must use the cash method of accounting; show they would not have sold except due to drought; and the drought must have resulted in the area being eligible for federal assistance.

Ranchers who qualify may postpone reporting taxable gains--or may postpone and avoid taxes on the sale of breeding, draft or dairy animals if the animals are replaced within a specific time frame.

Ranchers are encouraged to discuss options with a tax professional.

Date: 3/25/2013


Copyright 1995-2014.  High Plains Publishers, Inc.  All rights reserved.  Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at
High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email:


Archives Search

NCBA Convention

United Sorghum Checkoff Program

Inside Futures

Editorial Archives

Browse Archives