Definition of Farm and risk management (FARRM) accounts

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TeachMeFinance.com - explain Farm and risk management (FARRM) accounts



Farm and risk management (FARRM) accounts

The term 'Farm and risk management (FARRM) accounts ' as it applies to the area of agriculture can be defined as ' A proposal that would permit farmers and ranchers to put aside money in good (higher-income) years without having to pay taxes on the savings until it is withdrawn at a later time, presumably in lower-income years when taxable income also would be lower. Bills to create these accounts have been introduced in Congress in recent years'.

Previous 5 Terms:
FAPRI
far infrared
farad
FARM
Farm acreage base
Next 5 Terms:
Farm bill
Farm Credit Act of 1971
Farm Credit Administration (FCA)
Farm Credit Banks
Farm Credit System (FCS)




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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