Ag Docket Blog


The Iowa Supreme Court recently issued a decision in a key case involving competing claims by a secured lender and a grain elevator over the costs of storing and drying the grain. The April 17, 2020, case--MidWestOne Bank v. Heartland Co-op, No.

April 18, 2020 | Kristine A. Tidgren

Late Friday, April 17, U.S. Secretary of Agriculture Sonny Perdue announced the creation of the Coronavirus Food Assistance Program (CFAP).

April 15, 2020 | Kristine A. Tidgren

In an effort to provide relief to businesses struggling because of the COVID-19 crisis, the CARES Act unraveled several of the provisions enacted by the Tax Cuts and Jobs Act to generate revenue. Several of these key changes were to net operating loss provisions, opening the door for some taxpayers to recover fairly immediate refunds if they act quickly.

Update:On April 24, Congress replenished PPP funds and made farmers eligible for EIDLs.

On April 9, 2020, IRS issued Notice 2020-23, which significantly expands the deadline relief for filings and payments earlier provided through Notices 2020-18 and 2020-20.

Update: On April 24, Congress replenished the PPP fund. Additional guidance was also provided: Congress Authorizes More Funds for PPP and EIDL and Says Farms Can Apply

Update: On April 9, 2020, IRS issued Rev. Proc. 2020-24, providing guidance to taxpayers with net operating losses that are carried back under the CARES Act.

March 25, 2020 | Kristine A. Tidgren

The Senate has been discussing provisions contained in what's being called the Coronavirus Aid, Relief, and Economic Security (CARES) Act or Phase 3 Coronavirus legislation. The proposal would include $2 trillion of spending. Full text of the legislation has not been publicly released, but Chairman Grassley from the Senate Finance Committee has released a summary of provisions under consideration.

March 23, 2020 | Kristine A. Tidgren

In a March 22, 2020, Proclamation of Disaster Emergency related to the COVID-19 crisis, the Iowa Governor temporarily suspended foreclosures of residential, commercial, and agricultural real property.

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