IRS Extends Tax Relief for Drought-Stricken Farmers and Ranchers in 41 States

It applies to those forced to sell or exchange livestock because of persistent drought conditions.

A solar panel range is seen in what was once a field used for agriculture, in California's drought-stricken Central Valley near Huron, Calif., on July 23, 2021. ROBYN BECK/AFP via Getty Images

The IRS has announced that it is extending tax relief for farmers and ranchers in drought-stricken regions of the country.

The agency said in a statement on Sept. 30 that the relief applies to those forced to sell or exchange certain categories of livestock because of persistent drought conditions.