WASHINGTON — Reps. Kenny Hulshof, R-Mo., and Karen Thurman, D-Fla., on Wednesday introduced legislation that would create special savings accounts for farmers.

Under the Farm and Ranch Risk Management Act, farmers and commercial fishermen could deposit up to 20% of their annual business income into tax-deferred accounts, or trust. They would have to remove the money within five years or face a 10% penalty.

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