GFM Network News


Private grain handler Minn-Kota Ag Products has been setting up a new shuttle facility at Barney, N.D., about 80 km south of Fargo. (MKAP.com)

U.S. grain firms set up co-ops in tax law’s wake

Chicago | Reuters — U.S. agricultural merchants are scrambling to register themselves as cooperatives after a blunder in the country’s new tax law gave farmers a tax break for selling grains to co-ops rather than private firms. Private crop handlers — including the “big four” merchants Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus — […] Read more