• Congress has a long history of recognizing the unique structure of farmer co-ops and their unique relationship with their farmer-members.
• We remain committed to exploring changes to Section 199A to address the unintended consequences that private grain handlers claim are occurring in the grain sector.
• NCFC supports two main objectives in this process:
• Ensuring that farmers do not see an increase in taxes beyond what they paid under “old” Section 199;
• Our hope is that any deal recognizes that co-ops are an extension of their members’ operations; co-ops give their member-owners the ability to extend their reach in the marketplace and capture more margins from further down the value chain. 
• We also want to ensure that farmers and their co-ops are not put at a disadvantage to corporations, which received a 40 percent rate cut.
• We believe ongoing negotiations can yield an equitable solution for all involved.
• Any changes to Section 199A will impact producers far beyond the grain sector, including those in dairy, specialty crops, cotton and others. The impact of any proposal must be assessed with this in mind.
• We want to get this right and not come back to Congress a third time! Creating an artificial deadline, without adequate time to assess the impact of the legislation, would create more disruption and chaos.