…Bill March 23, 2018 Screenshot/YouTube The omnibus amends the cooperative tax deduction (Section 199A) to restore balance to commodity markets and re-establish fairness between cooperative and non-cooperative farmers. It also…
NBB Disappointed with No New Biodiesel Tax Credit
The omnibus appropriations bill that’s already won approval in the House of Representatives doesn’t reinstitute the biodiesel tax credit. Kurt Kovarik, National Biodiesel Board VP of Federal Affairs, says his…
Farmers for Free Trade: Tariffs Make American Farmers a Target
…American farmers could face an immediate tax. Other reports from China have said that American pork and sorghum exports could also be in the bullseye. “Nobody wins in a trade…
Appropriations Bill Agreed Upon by Congress, Contains Section 199A “Fix”
…to Section 199A of the tax law that currently gives farmers an incentive to sell to cooperatives rather than privately owned companies. The National Grain and Feed Association was happy…
Perdue Comments Regarding Omnibus Spending Bill
…of our priorities at USDA. Fixing the so-called ‘grain glitch’ 199A problem is simply an issue of fairness. We should not be picking winners and losers through the federal tax…
NCBA Encouraged by “Positive Developments” in Omnibus Spending Bill
…refinements to the tax code that address the 199A issue. NCBA and our affiliates have been working closely with Congress to ensure the spending bill addresses issues of concern for…
NFU Concerned About Harmful Modifications to Section 199A
…was included in last year’s tax overhaul, as a means of leveling the playing field between ag cooperatives and corporations who received a sizeable tax break in the legislation. The…
Senate Finance Committee Wants to Talk Trade, Tariffs
…“After the biggest tax rewrite in more than three decades, it is essential that the president’s trade agenda builds on the pro-growth, pro-jobs success.” Hatch says he and Trump both…
Key Farm Groups Like Co-op Tax Fix
…tax overhaul. The changes to tax law give huge tax breaks to farmers who sell their goods to cooperatives over other types of businesses. Politico says congressional leaders want the…
Cap on Conventional Ethanol RINs Will Reduce Biodiesel Market
…sugar, oilseeds, ethanol, biodiesel, beef, pork and poultry. Important to understand results of the analysis, the model made conservative assumptions, including an assumption that the biodiesel tax credit would be…
Roberts: Senate Farm Bill Work Scheduled Next Month
…tariffs,” saying the farm bill and tariffs “are not a separate issue” because farmers need to export. Roberts says the benefits of the recent tax bill could be negated by…
Hatch: Congress Will Act on NAFTA Withdrawal
…recent tax cuts, Kansas farmers, ranchers, and manufacturers are eager to deliver and are hoping the administration will continue to seek ways to get American products into new markets.” From…
Farm Groups Ask President Trump to Support Renewable Fuels Standard
…of Americans are benefitting from a growing economy and from your tax reforms, times are tough in rural America. The U.S. Department of Agriculture projects 2018 net farm income will…
Section 199A Fix Is Coming
A DTN report says Congress may be close to replacing the Section 199A language in the new tax law that curbs the advantages of farmers who sell their products to…