Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor

Tuesday 06/17/14

Landowner Appeals Landmark CRP Case
Conservation Reserve Payment checks have been called "rent" for nearly 30 years, treated much like similar payments during the 1950s Soil Bank and free from self-employment taxes. But unless a 2013 Tax Court case is overturned by the 8th Circuit Court of Appeals later this year, non-farmers could owe whopping new 15.3% self-employment income tax on their contract proceeds.[Read Full Blog Post]
Posted at 2:32PM CDT 06/17/14 by Marcia Zarley Taylor | Post a Comment
Comments (1)
Better yet, twice that tax should be placed or deleted for recreational use land, if they can afford to put productive land into crp for bird hunting for example they can afford to do without the payment.
Posted by JAMIE KOUBA at 12:29PM CDT 08/12/14
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