My adaptation to the 199a rules.
Went coop shopping, Heartland Coop west des Moines has a new $100 member.
Been selling corn through them on a direct ship basis. They are passing the posted price of whatever entity I choose directly on to me. No charges or deductions. They are hoping most will do some kind of hedging or hta, options strategies or something of the sort. Not a requirement.
Same thing on beans. I vote to leave the 199a alone with this kind of deal.
The e plant, crusher, or train loader can still get my grain at their bid price, I get Fed tax free income. Assuming I make some money...
Takes couple more days to receive payment. Their reach is the whole state of Iowa at least.
