Business Accounting and
Agricultural Commodity Price Supports:
I’m intrigued by President Truman’s idea for denying federal agricultural price support payments to large corporations, but I can only speculate as to how he supposed that could be accomplished.
I'm supposing if we paid those federal subsidies only to enterprises owning or operating U.S. farms, and enterprises’ whose incomes are now legally passed through to their taxpaying owners and shareholders, and we additionally require their ownership be (90% U.S. legal residents), it would somewhat reduce the cost of federal agricultural commodity price support programs, and more of that money would be pumped back into those rural farming counties? Smaller, “S” corporations’ incomes are, and larger “C” corporations’ incomes are not directly passed through to the enterprises’ individual shareholders?
Can any of you farmers or accountants give us some input regarding this topic? Respectfully, Supposn
Agricultural Commodity Price Supports:
I’m intrigued by President Truman’s idea for denying federal agricultural price support payments to large corporations, but I can only speculate as to how he supposed that could be accomplished.
I'm supposing if we paid those federal subsidies only to enterprises owning or operating U.S. farms, and enterprises’ whose incomes are now legally passed through to their taxpaying owners and shareholders, and we additionally require their ownership be (90% U.S. legal residents), it would somewhat reduce the cost of federal agricultural commodity price support programs, and more of that money would be pumped back into those rural farming counties? Smaller, “S” corporations’ incomes are, and larger “C” corporations’ incomes are not directly passed through to the enterprises’ individual shareholders?
Can any of you farmers or accountants give us some input regarding this topic? Respectfully, Supposn
