PARKER, Colo. (RFD-TV) — A major change is coming to how farm program payments are distributed under Title I of the upcoming Farm Bill, with new rules impacting what types of business entities can receive multiple payments.
Farm CPA expert Paul Neiffer joined us on Thursday’s Market Day Report to explain the implications for producers and ag businesses.
In his interview with RFD-TV News, Neiffer discussed the recent adjustments that affect LLCs and S corporations, noting that these entities may now qualify for more than one payment under certain ownership and operational structures—something previously limited by program rules. However, he cautioned that the details matter, especially regarding how management and active participation are defined for each member.
He also explained how C corporations will be treated differently under the new framework and what that means for larger or more diversified family operations. Finally, Neiffer addressed whether general partnerships should consider converting to an LLC structure in light of these changes, emphasizing the importance of consulting with a qualified tax professional before making any moves.
March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
April 14, 2026 03:45 PM
·
Alan Bjerga with the National Milk Producers Federation discusses how stewardship is driving efficiency, profitability, and competitiveness in the dairy industry.
April 14, 2026 12:51 PM
·
U.S. Secretary of Agriculture Brooke Rollins announced the availability of over $275 million in grant funding in FY2026 for the specialty crop industry in the United States through three USDA programs.
April 13, 2026 03:37 PM
·
While the Farm Bill is top of mind right now, it is far from the only issue getting attention in Washington.
April 13, 2026 01:49 PM
·
While social media has labeled the possible event a “Godzilla El Niño,” experts say the intensity remains uncertain—but the signal for a stronger pattern is there.
April 10, 2026 01:47 PM
·
Farm CPA Paul Neiffer joined us to break down the application process for Stages 1 and 2 of the USDA’s Supplemental Disaster Relief Program, and what farmers can expect as the deadline approaches.
April 09, 2026 01:59 PM
·
