Deferred Payments 03/17/15 2:50:57 PM|
As of July 1, 2012, deferred payments became a permanent part of the Grains Act. This allows you to sell your crops this year, but defer the payment (and the taxable income) into next year. In order to do this, there must be a written agreement between the elevator and producer. The elevator does all of the paperwork. All you have to do is let us know when you want the payment for your crop to be issued. To arrange this, either call Donna at 705-930-3488 or email firstname.lastname@example.org requesting that your payment for this year's crops be held until next year.