Rural Money: Are Trump Accounts Worth Checking Out?

Farm CPA Paul Neiffer shares insight into what these new accounts, established in provisions of the Big, Beautiful Bill, could mean for the farm families.

KENNEWICK, Wa. (RFD-TV) — One of the key elements of the “One Big Beautiful Bill” Act (OBBBA) is the introduction of Trump Accounts, designed to provide farm families with a tax-advantaged way to build and transfer wealth to the next generation.

Farm CPA Paul Neiffer joined us on Thursday’s Market Day Report to share insight into what these new accounts could mean for producers.

In his interview with RFD-TV News, Neiffer explained the details of the accounts, including how they could serve as a long-term savings and investment vehicle within the agricultural sector. When asked whether these accounts are a good deal for farmers, Neiffer noted that their benefits will depend on final implementation details and how producers structure them alongside existing financial plans.

Switching gears, Neiffer also discussed this week’s Supreme Court hearing on President Trump’s tariffs, which drew national attention. He shared key takeaways from the arguments and what the timeline could look like as the Court reviews the scope of presidential authority on trade policy.

Related Stories
Plan for a cooler global trade market in 2026 with tighter margins on exports, potential rate shifts, and premiums for reliable deliveries into Asian and African growth markets.
RFD-TV Farm Legal and Tax Expert Roger McEowen with the Washburn School of Law dives into a “potpourri” of ag tax and law-related issues in his latest Firm to Farm blog post.
Texas A&M 4-H Director Montza Williams joins for an update on the expected timeline for the program’s new facility and all the associated benefits.
From tinkering with machines to building projects from scratch, students in the National FFA Organization develop skills to help shape future careers.
Key signs of the U.S. beef herd’s recovery are improved pasture conditions, lower feed costs, and increased regulatory alignment and support for producers to implement targeted grazing practices.
Dr. Mark Svoboda with the National Drought Mitigation Center discusses a new global drought report and resources to help operations increase drought resilience.
Despite tariffs having a less significant impact on exports, corn producers struggle with tariff-related increases on inputs, which complicates their bottom line.
Software developers at John Deere Digital are addressing challenges with their new Operations Center, which helps farmers make decisions on the fly.