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Source: Rhonda Garrison, SOUTHERN FARM NETWORK, 4/11/17
Making purchases to avoid taxes could be risking farmers for failure in the future. During a House Agriculture Committee hearing on tax reforms, Ranking Democrat Collin Peterson of Minnesota cited a need for change. He says current tax policies are leading producers to make similar choices as those made before the 1980’s farm crisis… “When people have come in my office, in December, and they asked me to figure out how much their net income was, and then they would ask me how much equipment...: For more of this story, click here.
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