By Andi Anderson
Across rural America, agricultural cooperatives stand as vital pillars of support, helping farmers succeed and local economies thrive. These cooperatives not only assist with farming needs but also strengthen rural communities by offering essential services and creating jobs.
Keystone Cooperative, based in Indianapolis, is a strong example of this impact. As a 100% farmer-owned cooperative, Keystone serves over 20,000 farmer-owners across Indiana, Michigan, Illinois, and Ohio.
With a dedicated team of nearly 1,700 employees, Keystone specializes in key agricultural areas such as energy, agronomy, grain, animal nutrition, and swine production. These services help farmers improve their operations while keeping rural economies vibrant.
A critical part of this success is Section 199A of the federal tax code. This tax deduction was designed to support farmers and agricultural cooperatives by allowing them to deduct a portion of their income.
Section 199A helps farmers maintain profitability, especially when market conditions are uncertain or challenging.
Extending Section 199A is important for the future of agriculture. It provides farmers with tax relief, supports cooperative operations, and ensures the continued growth of the rural economy.
This policy also helps cooperatives like Keystone invest in resources, expand services, and keep providing valuable support to farmers and local communities.
Leaders in the agriculture sector stress the need for lawmakers to extend Section 199A before it expires. Doing so will protect farm incomes, sustain rural jobs, and reinforce the vital role cooperatives play in the agricultural supply chain.
Agriculture remains a key driver of the American economy. With strong policies like Section 199A, cooperatives and farmers can continue to work together to build a stronger, more secure future for rural America.
Photo Credit: istock-dusanpetkovic
Categories: Indiana, Rural Lifestyle