Ordinarily, for taxpayers on the cash method of accounting, a deduction may be claimed for production inputs—seed, fertilizer, chemicals, fuel and feed—in the year payment is made. The question has arisen under various fact circumstances, as to when inputs are considered “paid.”
"Claiming Deductions For Seed And Other Inputs,"
Agricultural Law Digest: Vol. 10
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol10/iss5/1