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
Strong cattle markets are masking ongoing financial stress across crop agriculture.
Purdue University’s Dr. Michael Langemeier discusses the survey’s findings in February and broader signals in the months ahead.
Falling commodity prices and rising costs continue to squeeze farm margins. Kip Jacobs with The Mosaic Company addresses fertilizer market pressures, nutrient use efficiency, and strategies growers can consider to protect their fertilizer investment this season.
Strong land values contrast with mounting credit pressure.
Agriculture Freedom Zones reflect rising concern that data center growth must not strain rural grids or displace productive farmland.
From projected drops in input costs to biofuel expansion and the USDA’s new “One Farmer, One File” initiative, Ag Secretary Brooke Rollins shared key policy priorities at Commodity Classic that put farm issues back in the spotlight.