Although 2005 was a heavy period for casualty losses, farm and ranch operations can encounter casualty losses in almost any year. This article focuses on casualty losses related to floods, wind and hurricanes and limits on deductibility.
Harl, Neil E.
"Deducting Casualty Losses,"
Agricultural Law Digest: Vol. 17
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol17/iss2/1