Funds could accumulate in these accounts for up to five years. They would be taxed upon withdrawal. Chuck Grassley problems. Farmers may receive one or two paychecks a year, while non-farm workers receive weekly or biweekly paychecks. It's hard to have a regular savings plan when cash flow is anything but regular.
Foreign trade is another risk factor.
I strongly believe that creating new foreign markets will increase demand for American agricultural commodities, but trade does inject some uncertainty into our own farm economy. For example, Iowa farmers export about 40 percent of their products. That could change, given our trade history. We know what happened when European countries imposed new trade barriers on beef, pork and genetically modified feed grain. We saw the impact of multiple Asian economies going into a recession and devaluing their currencies.