Livestock Producers Receive Tax Relief for 2019
"Canadian producers have had to face numerous challenges due to extreme weather conditions. It is a priority for our government to quickly determine how the livestock tax deferral will be authorized to ensure that our producers have the support necessary to make informed herd management decisions and to help them keep their businesses strong."
- The Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food
Low moisture levels resulted in significant forage shortages for livestock producers in British Columbia, Alberta, Saskatchewan, Manitoba and Quebec in 2019. One option for producers is to reduce their breeding herd in order to manage feed supplies.
In addition to the livestock tax deferral provision, producers have access to assistance through existing Canadian Agricultural Partnership Business Risk Management programs, which include AgriInsurance, AgriStability and AgriInvest.
Director of Communications
Office of the Minister of Agriculture and Agri-Food
Agriculture and Agri-Food Canada
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