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.

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“Now, we don’t know if income is dependent on a trade issue, and extra payment or disaster... or any number of things that we used to not have as high on the list of potential problems.”