PARKER, Colo. (RFD News) — The “One Big Beautiful Bill” is changing how farmers can deduct charitable contributions, potentially creating a new strategy for producers who regularly donate grain or commodities to churches and food banks.
Farm CPA Paul Neiffer joined us on Thursday’s Market Day Report to help producers navigate the new tax considerations.
In his conversation with RFD News, Neiffer discussed how the legislation changes charitable deduction rules and what the update could mean for farmers moving forward.
The discussion also focused on why donating commodities instead of cash may now make more sense in certain situations, along with some of the rules producers should keep in mind when making charitable donations.
Related Stories
Paul Neiffer joined us to explain how USDA’s base acre expansion will be calculated, outline key deadlines for farmers, and discuss how the changes tie into farm program decisions and the broader Farm Bill outlook.
Chad Fiechter joins us to discuss Purdue’s precision ag study, challenges in capturing value from technology, and what farmers should consider when investing in and adopting these tools.
Farm Bureau Economist Dr. Faith Parum discusses USDA’s efforts to expand fertilizer capacity, signals for farm profitability, and AFBF’s Farm Bill expectations.
Expanded export financing could provide greater support for ag sales abroad if buyers and lenders use the additional tools.
Clean power growth remains strong, but slower deal-making could affect future rural energy and land-use opportunities.
John Mays with Central Life Sciences joins us to discuss the importance of pest management ahead of wheat storage and how protecting grain quality can support stronger marketing opportunities.
