Although ledger contracts for marketing hogs have been around for nearly a decade,1 audit activity has picked up in recent months with taxpayers questioned as to how income under the contracts was reported during the period of extremely low live hog prices in 1998-99 when hog prices dropped to as low as eight cents per pound.
Harl, Neil E.
"Reporting Income Under "Ledger" Contracts,"
Agricultural Law Digest: Vol. 15
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol15/iss19/1