The Big, Beautiful Bill has presented a new tax deduction for banks that might help farmers get a lower rate on their farm loans.
Farm CPA Paul Neiffer spoke with RFD-TV’s Suzanne Alexander about some of the details, reducing interest rates, and how it applies to old loans.
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The biggest development of 2025 in agricultural law and taxation was the signing into law on July 4 of the Trump Administration’s landmark legislation, the “One Big Beautiful Bill” Act (OBBBA)
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The new rule removes prevented-plant buy-up coverage, prompting strong objections from farm groups concerned about added risk exposure.