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WC KS | I agree, I have a hard time reading and understanding what I read or write sometimes also.. A true hedge is when you put a put or short futures and get out the day or very close to when you price the grain. Most farmers I know when they see a profit or in this case above a large/huge lost they will offset. Just going short or buying put does not make it a hedge, especially when you have a history of multi -years of getting out early or late. CPA/TAx preparer is more afraid to defend a loss, than a gain. The key is how IRS define capital. KDD, How often have you offset [within let's say 10 days] when you cash price a commodity? | |
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is it just my accountant that doesn't like the words "hedge account"?
