February 3, 2018


2017 Tax Cuts and Jobs Act 
Provision 199A

In cooperation with the National Grain and Feed Association, ACI is pleased to offer the opportunity for an update on the Section 199 issue - which involves unintended marketplace effects of the new section 199A of the Tax Cuts and Jobs Act as it relates to producers and agribusinesses. Congress's intent with this provision was to replicate the tax treatment previously available to co-op farmer-members, but the new section actually created a substantial benefit to farmers who sell to cooperatives. Discussions about an equitable solution that preserves the benefits that cooperatives and their farmer patrons previously enjoyed under Section 199 of the tax code, while addressing the unforeseen impacts on producers' marketing decisions, are ongoing.  

On Monday afternoon, February 5, 2018, at 4:00 P.M., Todd Kemp and Bobby Fredrick with the National Grain and Feed Association will provide an update for those interested in this situation about where negotiations stand on a fix, and the likelihood of success.

To join the conference call discussion, use the following information to access the call. There will be time for questions.

Monday, February 5, 2018
4:00 P.M.
Passcode 317-684-5425

This opportunity is intended for ACI members, only!  RSVP NOW to  jmcelwain@inagribiz.org.