Farmers and ranchers use futures contracts as a hedge against price fluctuations, as do elevators that buy and sell grain.
Bethany Shively, spokeswoman for the National Cattlemen’s Beef Association, said such a tax would impact a producer’s effort to stay in business by buying and selling futures.
“Any additional taxes or fees on these instruments would be a tax on ag producers, and that is unacceptable,” Shively said. “This type of proposal would put jobs at risk, not help offset their creation.”
Additional tax will only add to the burden of the agricultural industry. This will only lead to more expenses with low production. I would rather have them [url=http://personalmoneystore.com/moneyblog/2009/12/07/borrow-money-buy-stock-online/] buy stocks [/url] than give them tax.