Missouri Farm Bureau is asking the Internal Revenue Service to allow livestock producers to defer taxes on the cattle sold due to the drought.
The U.S. Drought Monitor says 94% of Missouri is dry with about 19% of the state in exceptional drought.
President Garrett Hawkins says despite the recent rains, forage supplies are short. He says in the past, the IRS has extended the tax provisions, but that hasn’t happened yet this year.
