Paul Neiffer: Tax Options for Drought-Stricken Ranchers

Paul Neiffer: Tax Options for Drought-Stricken Ranchers

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Drought-stricken Land Drought-stricken Land

August 17, 2017

NASHVILLE, Tenn (RFD-TV) Ranchers in North Dakota and Montana face tough decisions in the face of devastating drought conditions. Many have already sold off parts of their herds because of pasture and hay shortages. There are IRS rules that provide tax deferral opportunities to these ranchers, and in today’s Rural Money segment, Paul Neiffer, agriculture accounting expert with Clifton Larson Allen, explains how they work.

Watch the video above to learn more about this important topic. And if you're interested in reading more of Mr. Neiffer's thoughts on accounting, farm taxes, and succession planning, visit: farmcpatoday.com

Paul Neiffer is our regular guest on “Market Day Report." every Thursday – 10 AM ET | 9 AM CT | 8 AM MT | 7 AM PT.

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