PARKER, Colo. (RFD-TV) — With the latest yield projections now in from the U.S. Department of Agriculture (USDA), estimates for ARC and PLC payments are being updated — but farmers remain in limbo amid the ongoing federal government shutdown.
Farm CPA Paul Neiffer joined us on Friday’s Market Day Report to break down his updated analysis of projected payments scheduled to be paid next October.
In an interview with RFD-TV News, Neiffer explained how the recent yield numbers could impact the size of those payments and what producers can expect in the months ahead. He also addressed recent changes to ARC calculations, explaining whether those adjustments will be applied to the 2025 payment cycle — and how excluding them could impact farmers’ bottom lines.
Neiffer discussed what these projections mean for growers already facing tight margins this season and emphasized the importance of staying informed despite data delays caused by the government shutdown. Finally, he shared insight into how the lack of updated crop reports could affect upcoming payment estimates and whether farmers should be concerned about further disruptions.
February 16, 2024 10:51 AM
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The National Association of Agriculture Educators (NAAE) recently elected Bill Newsom, of Tennessee, as the organization’s new president.
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In part six of his blog series,"Top 10 Developments in Ag Law and Tax in 2023,” farm legal expert Roger McEowen tackles issue #2, foreign ownership of ag land.
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In part five of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen tackles issue number three, California’s Prop 12 pork regulations.
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In part four of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen tackles issue number four, the Employment Retention Credit.
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In part three of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen covers the Corps of Engineers’ mismanagement of Missouri River water levels.
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Two more key developments in ag law and taxation from 2023, a crackdown on biodiesel fraud and developments in self-employment taxation (#7 and #6), are the topic of today’s Firm to Farm blog post, the second in a series by RFD-TV agri-legal expert Roger McEowen.
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The start of the review of the most important ag law and tax developments of 2023—that is the topic of today’s Firm to Farm blog post by RFD-TV agri-legal expert Roger A. McEowen
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As we start the new year, let’s take a look at some of the legislative items from 2023 affecting agriculture that will continue to play out in the political area for months to come.
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