Possibly, what is the nature of your farming operation?
IRS Publication 225 page 7 states:
Livestock held primarily for sale must be included in inventory. Livestock held for draft, breeding, or dairy purposes can either be depreciated or included in inventory.
Does the nature of your farming operation require you to value the livestock in an inventory? Do you record for tax purposes that animal A has a cost basis of $x and animal B has a cost basis of $y?
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