National Ag News

A spokesperson for the Wisconsin Cheesemakers Association says the recent tax law changes affecting Section 199A deductions for cooperatives needs rapid repair.  Rebekah Sweeney tells Brownfield, “This change has created instability.  Folks are trying to figure out what their business plan is moving forward.”

Sweeney says the new tax code allows farmers to deduct 20 percent of their gross sales to cooperatives, but only deduct 20 percent of their net income when selling to private companies, creating inequities across ag including the cheese industry. 

Continue reading Cheesemakers push for rapid fix to 199A tax law issue at Brownfield Ag News.