NAEGA is consulting with and supporting the actions of the National Grain and Feed Association (NGFA) regarding issues raised with Section 199A of the Tax Cuts and Jobs Act of 2017.  Concern has been raised by industry participants about how the new Section 199A will influence grain marketing decisions. On January 11, NGFA and the National Council of Farmer Cooperatives (NCFC) issued a joint statement about these developments, which can be read here. According to the statement, NGFA and NCFC “are working intensively with stakeholders, including cooperatives, noncooperative-owned agribusinesses and Senate offices, including Senators Hoeven, Thune and Roberts. The goal of these discussions is to arrive at an equitable solution that preserves the benefits that cooperatives and their farmer patrons previously enjoyed under Section 199 of the tax code, while addressing any unforeseen impacts on producers’ marketing decisions.