Tax Implications of Selected Drought Management Strategies

By: Alan Schroeder;Cole Ehmke

During the most recent period of drought, livestock producers in Wyoming adopted several management strategies with income tax implications. This bulletin examines the tax implications for cash-based taxpayers of three of these tactics: 1) purchase of additional feed or rental of additional grazing land, 2) partial herd liquidation, and 3) participation in government programs

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