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
Genevieve Collins from Americans for Prosperity discusses rising Texas property taxes, potential relief, and impacts on farmers, ranchers, and rural communities.
Autumn Lankford Higgins with the Farm Bureau joins us to discuss data center expansion on farmland, rural policy considerations, and the role of agriculture in emerging digital infrastructure.
New data from the Illinois Farm Bureau show that farm financial conditions are stabilizing, even as debt per acre and borrowing costs continue to climb.
Ohio farmer Chris Gibbs joins us to discuss planting progress, weather conditions, and how geopolitical tensions are clouding his growing season outlook as input concerns continue to escalate.
Jonathan Braley joins us to discuss rising cybersecurity threats in agriculture, the risks of ransomware attacks, and how Food and Ag-ISAC’s new guide can help businesses better protect themselves.
ASFMRA’s Skye Root joins us to discuss shifts in Western farmland markets, financial pressures facing producers, and the outside forces influencing land values and decision-making.
