Farmers in Missouri will catch a break on their state taxes thanks to efforts by the Missouri Soybean Association, which successfully lobbied for tax relief on federal disaster assistance payments.
Ben Travlos, who serves as policy director for the Missouri Soybean Association, provided additional information about this development in a recent Spotlight on Soybeans segment.
The tax relief measure will benefit soybean producers who receive federal disaster payments, allowing them to avoid double taxation on assistance designed to help them recover from natural disasters and other qualifying events.
