Rural Money: New Tax Law Changes How Farmers Can Deduct Charitable Contributions

Farm CPA Paul Neiffer says the “One Big Beautiful Bill” could shift how producers donate grain and commodities to charities.

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
Farm CPA Paul Neiffer shares his perspective on the uncertain outlook of federal farm relief and the Farm Bill, which may not materialize until the government shutdown ends.
AFBF Associate Economist Samantha Ayoub joins us to dive into H-2A visa program changes and what can be done to ease the pressure on producers.
Crop insurance remains a vital tool for managing climate-driven risk.
Shaun Haney, host of RealAg Radio, joined us to break down the latest data on Canadian farmland values and share insights on how it impacts producers.
Treat financial stress as a health risk—know the warning signs, normalize conversations, and connect farm families to local and national support early.
Agricultural exports continue to be a key contributor to rural employment. However, rural businesses still struggle to fill numerous job openings.

Knoxville native Neal Burnette-Irwin is a graduate from MTSU where he majored in Journalism and Entertainment Studies. He works as a digital content producer with RFD News and is represented by multiple talent agencies in Nashville and Chicago.


LATEST STORIES BY THIS AUTHOR:

Cattle producers met with lawmakers to discuss the issues continuing to impact ranchers across the country.
Founder Jon Mollhagen says automation continues playing a larger role in reducing labor demands and animal stress.
Commissioner Sid Miller says productive farmland, water resources, and rural infrastructure are increasingly under pressure as data centers continue growing across Texas.
The Meat Institute says meat sales reached a record $112 billion last year as protein demand remained strong nationwide.
National Potato Council CEO Kam Quarles says potato wart could have devastating consequences for U.S. growers and export markets.
Congressman Mark Messmer discusses the Farm Bill, rural investment priorities, Prop 12, and support for farmers facing economic pressure.