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
For more than 70 years, The Pancake Shop has served sausage supplied by the Hawthorn family’s meat operation.
National Pork Board’s Andy Tauer discusses the growing popularity of the Boston Butt Pork Burger and key topics at the USMEF Spring Conference.
Ashley Stockwell discusses representing dairy farmers during one of motorsports’ most recognizable traditions.
Artists from around the world are finding inspiration in the quiet pace of Nebraska’s prairie landscape.
At the center of the announcement is the Blue Point Project in Louisiana, a $3.7 billion ammonia facility, USDA says, that will become the world’s largest ammonia plant once completed.
Ag Commissioner Sid Miller and Rep. Henry Cuellar say rising costs and generational shifts are making it harder to keep young producers in the industry.
