Insights and Stories on Co-operative

Feb. 16, 2018 at 3:58 pm CST

Chicago | Reuters — U.S. agricultural merchants are scrambling to register themselves as cooperatives after a blunder in the country’s new tax law gave farmers a tax break for selling grains to co-ops rather than private firms. Private crop handlers — including the “big four” merchants Archer Daniels Midland, Bunge, […]

By Mark Weinraub, Tom Polansek

Feb. 8, 2018 at 8:30 pm CST

Washington | Reuters — U.S. lawmakers are close to resolving a problem with the new federal tax law that gives grain co-operatives an unintended market edge over private companies, but have had a hard time getting agreement among members of the farm sector, a Republican senator said Thursday. A provision […]

By Reuters

Jan. 12, 2018 at 2:30 pm CST

Chicago | Reuters — Republican U.S. senators are working with some of the world’s biggest agricultural merchants to undo a last-minute provision in the tax overhaul that threatens to distort the grains market and starve private firms of corn, soy and wheat supplies. It was included during final revisions of […]

By Tom Polansek

Jan. 9, 2018 at 8:04 pm CST

Chicago | Reuters — The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned co-operatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops. Until now, the co-operatives, private […]

By Mark Weinraub, Tom Polansek

Sep. 16, 2017 at 5:27 pm CDT

Alberta farmers’ co-operative UFA is set to get out of an “increasingly competitive” space in the retail sector by closing its outdoor supply chain Wholesale Sports. The co-operative, which bought what was then a seven-store chain in 2008, announced Thursday it would start inventory liquidation sales Friday at all 12 […]

By Staff