National Ag News
VanderWal says tough farm economy might result in more taxes paid
Jan 4, 2018, 16:48 PM
by
System
The new tax laws have varying effects on farmers, depending on how their operations are set up as a business entity.
“From a personal standpoint, I’m not sure it’s going to have a great effect, because we’re set up as a C Corporation,” said Scott VanderWal of South Dakota, vice-president of the American Farm Bureau Federation.
VanderWal’s father and uncle established the family farm business platform in the 1970s and it hasn’t changed.
