central - east central Minnesota - | From my limited experence - if you are a producer / enduser / feeder and are actively marketing your production, you need not worry. If you are hedging crops that you do not grow / use - then you are a speculator . . . . The IRS gives a great deal of latitude to farmer producers / feeders - marketer of their production . .. If a guy is bluffing, they can figure it out . .. . Again, from my limited experence, you shouldn't have to worry about the hedges, with the back up info you are keeping .
Edited by iseedit 2/9/2010 18:06
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Hedging vs Speculating IRS VIEWPOINT
