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Tax filers have a short reprieve: The federal filing date has been extended to May 17, and Oklahomans have until June 15 to file state taxes. Economic impact payments won t be counted as taxable income.
Apr 05, 2021
Even working under a tight calendar, farmers and ranchers are used to making quick financial decisions when conditions are right. Plant between thunderstorms? Take advantage of an equipment sale?
When the federal and state governments recently announced tax deadlines were pushed back, producers were presented with a similar question: File now or later? Does a typically dark cloud actually have a silver lining this time?
Shelley E. Huguley
Visiting between presentations at the 2020 Red River Crops Conference, Altus, Okla. The 2021 conference will be held virtually. Red River Crops Conference targets Southwest Oklahoma and Texas Rolling Plains producers. 2021 conference to be virtual.
The eighth annual Red River Crops Conference (RRCC) is set for Jan. 20-21, 2021. The conference, tailored to agricultural producers in the Texas Rolling Plains and Southwest Oklahoma, alternates its location each year between Texas and Oklahoma. This year, due to the COVID-19 pandemic, the conference will be virtual.
The RRCC is a joint effort of Extension personnel from Oklahoma State University Extension and Texas A&M AgriLife Extension.
Candace Krebs
Special to Ag Journal
With dry conditions likely to continue, cattle producers should prepare for downward pressure on the market and carefully consider the benefits of livestock risk protection, a newly revamped federally subsidized insurance product, according to a livestock economist who spoke during the recent four-state crop insurance workshop hosted by Colorado State University Extension.
“We expect to see drought persist and expand. It looks to be quite a tough winter,” said Trent Milacek, Oklahoma State University’s livestock economist for the western area.
“If it stays abnormally dry, it’s probably going to reduce demand for cattle,” he added. “The increased price of cattle feeding and less grazing is only going to weigh on cattle prices.”