Get Credit For Security Efforts

With the tax deadline rapidly approaching, the Agricultural Retailers Association (ARA) would like to remind retailers that the Ag Chemical Security Credit (ACSC) can save up to $100,000 per facility this tax season.

This is a CREDIT, not a deduction, so your retail business is getting CASH back, ARA stresses. If you don’t handle tax information for your company, be sure to forward this to the appropriate person.

With the enactment of the 2008 Farm Bill on May 22, 2008, an ARA-initiated chemical security tax credit for agricultural retailers, distributors, and other eligible agribusinesses has been implemented. This credit helps offset increased security costs incurred by ag retailers and distributors as a result of the federal government’s regulations and efforts to safeguard agricultural chemicals from the threat of potential terrorists, drug dealers, or other criminals.

Ag retailers and distributors need to take advantage of this program and utilize every tax relief measure available, especially in the current economic environment. Please find background information below as well as the link to the security credit tax form on the IRS website.

The form allows eligible agricultural businesses to claim a new general business credit, the Agricultural Chemicals Security Credit. Eligible agricultural businesses include those that provide at least one of these services:

  • Sell retail agricultural products (including specified agricultural chemicals) predominantly to growers and ranchers.
  • Manufacture, formulate, distribute, or aerially apply specified agricultural chemicals.

Eligible agricultural businesses will claim the credit for qualified chemical security expenses on new Form 8931, ACSC. Any amount paid or incurred after May 22, 2008 by an eligible agricultural business for the purpose of protecting specified agricultural chemicals qualifies as a chemical security expense. For a copy of the Ag Chemical Security form, click here.

If you have further questions on the form, visit or contact ARA at 202-457-0825 or email

(Source: Agricultural Retailers Association)

Leave a Reply

Latest News
Industry NewsBRANDT’s Haschemeyer Promoted To Division-Wide Leadersh…
October 13, 2015
Brian Haschemeyer has been promoted to Manager of Chemistry and Laboratory Services for BRANDT’s Specialty Formulations division. This new role Read More
Beck Ag Company of the Year
Industry NewsBeck Ag Honored As Company Of The Year
October 13, 2015
Beck Ag was honored recently as Company of the Year at the Women in Agribusiness Summit in Minneapolis. Beck Ag Read More
Fall Harvest
CropLife 100Pinnacle Purchases Eight Regional Seed Companies
October 12, 2015
Pinnacle Agriculture Holdings has announced the purchase of eight regional seed companies to advance its seed business. Pinnacle has acquired: Read More
soybean field
Eric SfiligojThe Need For Transparency From Today’s Agriculture
October 12, 2015
There’s little denying a war of sorts is currently being waged against agriculture by portions of the general public. How Read More
Heated Tank from Heartland Tank Services
EquipmentWeathering Liquid Storage Challenges
October 10, 2015
As reported in CropLife’s® second annual Facilities Report in July, large-scale plant builds and upgrades continue strong. But dealers and Read More
Golden Harvest Corn healthy leaves
Paul SchrimpfBuilding Relationships With Farmers During Tough Times
October 9, 2015
“So, other than that, how was the play, Mrs. Lincoln?” Most of you I’m sure will recognize this as one Read More
Industry NewsResponsibleAg Selects New Executive Director
October 9, 2015
The ResponsibleAg Board of Directors today announced the selection of Bill Qualls, CPEA, as the organization’s new Executive Director. “We Read More
MRM Agricultural Service
CropLife 100Pinnacle Acquires CropLife 100 Ag Retailer
October 8, 2015
Pinnacle Agriculture Holdings, LLC has successfully acquired the Missouri-based agronomy business of MRM Agricultural Service, LLC and its affiliates (MRM). Operating Read More
HerbicidesMarestail, Hemlock Focus Of Fall Herbicide Application …
October 8, 2015
With the grain harvest progressing on or ahead of schedule in most parts of Indiana, no-till producers should start thinking Read More
Prairieland FS employees
EmployeesA New Approach To Employee Retention — Part 1
October 8, 2015
Editor’s: This is part 1 of a two-part series on employee retention by Mark Waschek of Ag1Source, the largest agricultural Read More
Crop InputsNew Bionematicide Meets Large Market Need
October 8, 2015
Marrone Bio Innovations, Inc. (MBI), a leading provider of bio-based pest management and plant health products for the agriculture, turf Read More
Industry NewsTessenderlo Kerley Completes New California Manufacturi…
October 8, 2015
Crop Vitality, a business unit of Tessenderlo Kerley, Inc. (TKI), the North American subsidiary of Brussels-based Tessenderlo Group, and the Read More
Photo credit: The United Soybean Board/The Soybean Checkoff.
HerbicidesNew DuPont Herbicide Gives Updated Burndown Options For…
October 8, 2015
Soybean growers seeking flexible, effective broadleaf weed control have another option to add to their toolboxes. DuPont Canopy Blend herbicide Read More
EquipmentDeere Announces New API Linking Operations Center With …
October 8, 2015
Deere & Co. and DN2K have agreed to form SageInsights — a joint venture to initially serve the agriculture industry Read More
Crop InputsDuPont, Caribou Biosciences Form Strategic Alliance
October 8, 2015
DuPont and Caribou Biosciences, a leading developer of CRISPR-Cas technologies for genome editing, jointly announced a strategic alliance. As part Read More
ManagementStoller Field Trip and Upcoming Events
October 8, 2015
Editors Paul Schrimpf and Eric Sfiligoj discuss a recent Stoller Field Day, the 2015 PACE Council Meeting and another event Read More
EmployeesSyngenta First Agriculture Company To Receive Fair Labo…
October 8, 2015
Syngenta has announced that it has become the first agriculture company to receive accreditation from the Fair Labor Association (FLA). Read More
Eric Jenks, Wilbur-Ellis
CropLife 100Wilbur-Ellis Opens Dry Fertilizer Storage And Blending …
October 8, 2015
Wilbur-Ellis Co., ranked No. 4 on the CropLife 100, has constructed and opened a 22,000-ton dry fertilizer storage and blending Read More