The act, which Grams said he hopes will see action before the end of this congressional session, does not change the provisions of the Packers and Stockyards act itself. Rather, it seeks to make enforcement of the existing law easier and more consistent. As we all know, our family farmers continue to face some very large challenges in the marketplace and we want to ensure that they can remain competitive. We believe that this legislation will help see to it that those governed by Packers and Stockyards are acting properly. Ethanol tax credit Grams said he also will cast his support behind a revision of a federal tax credit geared toward producers of ethanol.
Present statute excludes small, farmer-owned cooperatives from garnering the credit.
It's something that grows more important every day as oil prices go up. Back to Top 2001 Grand Forks Herald. All rights reserved. Any copying, redistribution or retransmission of any of the contents of this service without the express written consent of the Grand Forks Herald is expressly prohibited.