Glitch Fix The Section 199A tax deduction preference for co-ops, which USDA Secretary Perdue called a “glitch,” seems to be moving toward a resolution. Language has reportedly been drafted and is being circulated among key parties. The new provision would reinstate to the extent possible the benefits of the old Section 199 Domestic Production Activities deduction (see Ag Perspectives, 3 November), which was established in 2004 and eliminated by the new Tax Cuts and Jobs Act (TCJA) of 2017. It provided co-ops with a 9 percent deduction from the lesser of taxable income or gross receipts from manufacturing minus the costs of goods sold and other direct manufacturing expenses (only allowing 50 percent for W-2 wages resulting from...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.