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Definition of 'Drought Sale'
When a farmer is forced to sell more animals than in a typical year because of poor weather conditions. The profits from the livestock sales can be deferred to the following year, even if the proceeds exceed the losses.
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Investopedia explains 'Drought Sale'
The tax deferral is not exclusive to a drought situation. Losses due to unexpected epidemic (disease outbreak) ravaging the livestock or other uncharacteristically massive losses (floods, fires, etc).
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Search results for 'Drought Sale'
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http://www.investopedia.com/articles/pf/09/save-money-and-water.asp
... with businesses designed to encourage the creation, sale and installation of ... Simply installing drought resistant plants instead of turf grass instantly reduces ...
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