Cypress County included in regions that qualify for Livestock Tax Deferral

Buffer zones have been applied to capture impacted producers who are outside the boundaries of the prescribed regions but may be experiencing similar conditions.

Weather, climate and production data from across Canada will continue to be monitored throughout the remainder of the season and regions will be added to the list when they meet the criteria.

Other included local regions are all rural municipalities in south west Saskatchewan.

Buffer zones near Medicine Hat include Forty Mile County, Special Areas and Newell County.

Quick facts

To defer income under the Livestock Tax Deferral provision, the breeding herd must have been reduced by at least 15 per cent.
In the case of consecutive years of drought, excess moisture or flooding, producers may defer sales income to the first year in which the region is no longer prescribed.
Subsequent regions will be added to the list when they meet the eligibility criteria of forage shortfalls of 50 per cent or more caused by drought, excess moisture or flooding.
Producers have access to a comprehensive suite of business risk management (BRM) programs to help them manage significant risks that threaten the viability of their farm and are beyond their capacity to manage. BRM programs, including AgriStability, AgriInsurance and AgriInvest, are the first line of defense for producers facing disasters and farmers are encouraged to make use of these programs to protect their farming operation.
For the 2025 program year, the compensation rate for AgriStability will be increased from 80 to 90 per cent and the maximum payment limit will be increased from $3 million to $6 million.

by Jesse Gill

Cypress County included in regions that qualify for Livestock Tax Deferral

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