Tell Congress to Protect Cash Accounting for All Active Farmers Regardless of Ownership Structure.

Cash vs. Accrual Accounting – Impact of Proposed Changes

Congress is considering a proposal that would require the use of accrual accounting for tax purposes by agricultural operations with more than $10 million in aggregated gross receipts.

The proposed reporting changes will impact the ability of producers to:

  • manage year-to-year risk
  • build working capital, and
  • create long-term stability for their operations

For decades, ag businesses have used cash-basis accounting for tax purposes to balance out price volatility and help manage their operations consistent with their cash flow.

In the News

Farmers for Tax Fairness Applauds House Tax Reform Bill

Bill Does Not Restrict the Ability of Farmers and Ranchers to Use Cash Accounting (Nov. 2, 2017) – Farmers for Tax Fairness, a national coalition of farmers and ranchers, today applauded the U.S. House of Representatives for not restricting the use of cash accounting...

read more

Supporters

Join companies like these in support of cash accounting for active farmers regardless of Ownership Structure.

Find out how you can help stop these proposed changes from becoming law and taxing you unfairly.

The ag community needs a voice. The ag community needs you.