If you’re a farmer the Trump tax plan has something very special for you. Your farm is included in the new 20% deduction for owners of pass-through businesses and the self-employed. The status gives farmers a larger deduction on their sales to agricultural co-ops, particularly when compared to the sales they make other buyers.
While this is a boon for farmers Republican tax writers have received a lot of negative commentary from agricultural companies who don’t have the same advantage. Look for this to disappear some point soon the future but for now take advantage while you can…