AGRIS Customer Documentation
Verifying a Patron's Per-Unit-Retain Amount
How to verify the Per-Unit-Retain for a customer matches their settlements
The per-unit-retains is the amount that represents the Patron's farm products that were sold to a cooperative, which is the Coop's Grain Purchases & the Farmers grain sales. This amount, reported in Box 3 of the 1099-Patr, is fixed based on the grain settlements, regardless of the income/loss that the cooperative received. This becomes income to the farmer and they must report it as such. If the income on the Form 1099-Patr (per-unit-retains) does not match the income reported on a Schedule F of the individual's income tax return, the farmer would receive a notice from the IRS advising them that their income was understated and more tax is due.
This amount can be verified by running a settlement report:
GRN > Report Manager > Settlement Reports > 1. Print Standard Reports > 1. Settlement Report
Filter by Settlement Name ID to the patron in question
NOTE: Must use settlement name ID, not Payment Name ID
The amount on the Settlement Report can be compared with the Per-Unit-Retain from Patronage
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