Section 199

Tax bill on the mend after private grain companies get shut out

· January 12, 2018

Not everyone was pleased with the new tax reform bill in agriculture. Ethanol producers and private grain companies are now saying the elimination of the Section 199 deduction is nudging them out of competition with farmer owned cooperatives. Under the new tax law, farmers and ranchers can claim a 20 percent deduction on all payments […]

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