PARKER, COLORADO (RFD-TV) — Farmers are now able to defer paying tax on the sale of farmland. It is one of the many provisions of the “One Big Beautiful Bill” Act (OBBBA) and allows producers to defer paying the tax over a three-year period. However, there are a few requirements.
Farm CPA Paul Neiffer joins us on Thursday’s Market Day Report for a closer look at the conditions a farmer must meet to qualify for this new three-year tax deferral on farmland sales, how much it could save, and other details to consider.
Related Stories
Matthew Poling with CLAAS joins us to discuss harvest strategies for a below-average wheat crop and combine adjustments growers should consider.
The University of Tennessee Institute of Agriculture’s annual event focused on herd management, cattle markets, and the future of the beef industry.
National Cotton Council’s Gary Adams joins us to discuss the USDA’s Great American Cotton Plan, crop conditions, prices, and efforts to boost domestic demand.
The agreement establishes a new system to monitor water deliveries to Texas and sets limits on how far Mexico can fall behind on its treaty obligations.
