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Tax Law Forces Grain Companies to Register as Co-ops

New tax law gives farmers a financial incentive to sell to co-ops

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Reuters' Tom Polansek and Mark Weinraub reported on private grain handlers that are paying thousands of dollars in legal fees to register as co-ops due to an unattended side effect of the new tax law. A last-minute clause inserted into the tax overhaul gives producers a strong financial benefit when selling to co-ops vs privately held companies. Larger companies like Archer Daniels Midland Co. fear they will be unable to source grain this harvest if the law is not fixed.

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