Investment in Value-Added Agriculture Act

[AI summary unavailable — showing source text] Investment in Value-Added Agriculture Act - Amends the Internal Revenue Code to extend the alcohol motor fuel excise tax credit. Authorizes the pro rata allocation of the small ethanol producer credit among patrons of a qualifying cooperative organization. Increases the size of a qualifying producer. Revises such credit respecting: (1) carryback and carryforward; (2) passive activity; (3) minimum tax; and (4) income inclusion addback. Establishes a limited value-added agricultural property investment credit, which shall be available to: (1) a person who materially participates in an eligible farming business; or (2) an eligible farmer-owned entity. States that such credit shall not apply to property placed in service after December 31, 2007.…