New tax code allows farmers to defer paying income taxes on the sale of farmland

There is a new tax code allowing farmers to defer paying income taxes related to the sale of farmland.

Farm CPA Paul Neiffer spoke with RFD-TV’s Tammi Arender about some of the details, how this will benefit producers, and missing payments.

Related Stories
U.S. Secretary of Agriculture Brooke Rollins announced the availability of over $275 million in grant funding in FY2026 for the specialty crop industry in the United States through three USDA programs.
While the Farm Bill is top of mind right now, it is far from the only issue getting attention in Washington.
JBS says the plant is now operating at full capacity as plant workers return to work.
Hiring may ease slightly, but labor shortages remain persistent.
Rising diesel and energy costs are squeezing farmers and rural communities, increasing production expenses and raising concerns about consumer demand for beef even as U.S. meat exports regain the Australian market.
Farm CPA Paul Neiffer joined us to break down the application process for Stages 1 and 2 of the USDA’s Supplemental Disaster Relief Program, and what farmers can expect as the deadline approaches.