grain elevator Mississippi River USDA photo by Anson Eaglin
Grain elevators on the Mississippi River near the port of New Orleans, LA

Grain industry works to resolve Section 199A issues

Tax bill provision gives growers better deal at tax time if they sell their agricultural products to co-ops rather than other types of companies.

The final tax bill included a last-minute inclusion to address the loss of the Section 199 deduction cooperatives previously used. However, as tax analysts evaluated the bill, the grain industry has now become aware that this could create an uneven playing field between cooperatives and private grain companies.

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