Over 72,000 farmer-claimants will soon be receiving their respective shares of a Net Settlement Fund approximating $75 million. This article discusses the status of this payout, how the Prepaid VisaT Direct Cards may be used, the responsibility of a farmer-claimant to account to any share landlord or others, and the tax implications of the payout.
This report can be viewed in the Law and Taxation section at
http://www.farmdoc.uiuc.edu/legal/articles/ALTBs/ALTB_04-12/ALTB_04-12.pdf
Source: Farmdoc Project Office, Department of Agricultural and Consumer Economics, College of Agricultural, Consumer and Environmental Sciences, University of Illinois at Urbana-Champaign