Government Assistance and Tax Considerations

  • USDA Drought Assistance Programs in 2023, May 4, 2023 Webinar - This webinar reminds producers what information is needed to apply for key drought assistance programs. It discusses drought disaster designations, the FSA emergency loan program, and management principles and recordkeeping needs for producers under drought conditions.
  • Forage Production, Beef Cows and Stocking Density and Their Implications for Partial Herd Liquidation Due to Drought - What strategy should producers who are wanting to maximize profits do given a drought? Producers will likely make one or both of these decisions: 1) destocking or 2) depopulating. If producers depopulate, what does this potential partial beef cow herd liquidation mean for cull cow and feeder cattle prices will likely differ based on geographical region?
  • Pasture Rangeland Forage Insurance is a Risk Management Tool for Producers - Discusses how producers can use this risk management tool to provide income to offset loss of forage production due to drought conditions.
  • Utilizing Conservation Reserve Program (CRP) for Grazing in Drought Conditions - discusses what to consider when deciding whether or not to use CRP for grazing.
  • The 2014 Farm Bill and Disaster Assistance for Livestock Producers - outlines the disaster assistance programs that are available to livestock producers, including Livestock Forage Program (LFP) which provides assistance to livestock producers suffering grazing losses due to drought conditions.
  • Tax Consequences to Drought - discusses the tax deferral options that are available when dealing with a drought.