UFC DPAD Notices to Be Mailed to Members

Dec 08, 2020

DPAD Notices to be Mailed
December 7, 2020:
Written Notices of Allocation for the DOMESTIC PRODUCTION ACTIVITIES DEDUCTION (DPAD) will be mailed to members next week. The DPAD is a tax deduction that is available to United Farmers Cooperative and UFC is passing a portion of this deduction on to its members. The deduction passed through is based upon the amount of energy, agronomy, retail feed and grain business done by the member between September 1, 2019 and August 31, 2020 and is available in the tax year the member receives the notice. We encourage members to consult with their tax advisor for further information about the DPAD and how it applies to their specific situation. If you have any questions about your DPAD statement, please contact the Red Oak office at 712-623-5453.

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