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.
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Farm legal and taxation expert Roger McEowen briefly discusses a range of topics related to farm-related taxes, estate planning, and farm transitions.
“We can finally put into place rules that will have some staying power, which will give certainty to landowners across the country.”
Recurring (and recent) tax and legal issues impacting farmers and ranchers – it’s the topic of today’s Firm to Farm blog post by farm legal and tax expert Roger McEowen with the Washburn School of Law.
Farm legal and taxation expert Roger McEowen discusses tariffs’ impacts on agriculture, deferred payment contracts, tax easement issues, and the rise in warrantless searches on farms and ranches.
