Important Announcements

We have recently learned that the "fix" for the perceived problem with Section 199A, namely its application of a 20% deduction to cooperative payments for agricultural products, potentially includes a "wage limitation" that would limit the Section 199A deduction for patrons to one-half of the wages paid by such cooperative. This wage limitation, as we understand it, would severely restrict the Section 199A deduction available to patrons of small cooperatives with few employees, and is much more detrimental than simply reducing the 20% deduction rate on agricultural product payments.

We urge you to contact your US Senators and Representatives to express opposition to any "wage limitation" in the Section 199A fix.

Tax Cuts & Jobs Act of 2017 - Section 199A Provision

Members: Request a Copy of the GLCP Annual Shareholder Meeting - Please include your name and mailing address in email.

Important Tax Information for Shareholders