1/31/11, IRS Form 1099
NCGA submitted letters supporting repeal of the new IRS Form 1099 information return filing requirements. Farms, ranches and related agri-businesses already are overburdened with tax paperwork and reporting requirements. Under existing law, a Form 1099 must be issued to unincorporated service-providers that are paid more than $600 during a tax year. To see the letters, click here and click here.
Market Watch
| Corn | Jul | $6354 | +104 |
| Corn | Sep | $5464 | +80 |
| Corn | Dec | $5370 | +86 |
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