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.
