Readers pose questions to DTN's agricultural tax authority, CPA Andy Biebl. This time, Andy outlines how U.S. farmers with a Brazilian operation may pay double taxes and a surprising election that lets you choose to deduct prepaid fertilizer purchases or stretch out the tax benefits.
With world urea prices surging 150 percent since spring, China's high export tariffs have failed to discourage shipments of urea overseas. Now industry sources suspect the government will increase the tariff to 185 percent to prevent shorting domestic nitrogen supplies.
