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Consider tax implications when making business decisions during drought

October 28, 2022

As Oklahoma’s severe drought continues, many farmers and ranchers are faced with tough business decisions, especially when it comes to selling off livestock earlier than anticipated. With the withering forage growth and high cost of purchasing and transporting supplemental feed and forage, livestock sale barns around the state and country have seen exponential growth this year in sales numbers as producers are forced to sell some – if not all – of their herd. Oklahoma State University assistant professor and agriculture and food policy specialist Amy Hagerman advises producers to consider potential tax implications of these and other weather-related business […]

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