farmer cohmer sells livestock and crops. which of the following statements is true?

a. even though farmer cohner pledged crop production in order to receice commodity credit corporation loan , he must report the loan proceeds in the year the crop is sold

b. if farmer cohner is forced to sell livestock due to dorought conditions in a designated drought area he may be able to elect to recognize income from the sale in the year after the sale

c. if farmer cohner receices crop insurance proceeds due to a damaged crop hs must report the proceeds in the year he receives them

d. if farmer cohner receives patronage dividends from a farm cooperative he can expect to receive a form 1099-div reporting the patronage dividends paid to him