PARKER, Colo. (RFD News) — USDA has issued updated payment limitation rules under the “One Big Beautiful Bill,” with the changes set to take effect beginning with the 2026 crop year.
Farm CPA Paul Neiffer joined us on Thursday’s Market Day Report to discuss the new guidance and what it could mean for farm operations moving forward.
During his conversation with RFD News, Neiffer discussed changes to payment limitation rules for farm entities, adjustments to eligibility requirements and upcoming filing deadlines producers should be aware of ahead of the 2026 crop year.
Neiffer said the guidance includes several provisions that should benefit many farm operations and praised USDA’s approach to implementing the new law.
“This is one of the few times I’ve given USDA an A or an A-plus,” Neiffer said. “Based on what the rule said, and what they elected to do to implement it, I give them a thumbs-up.”
Additional USDA guidance and updated forms are expected in the coming weeks as producers prepare for the 2026 crop year.
Purdue University’s Dr. Michael Langemeier joins us to break down the latest read on farmer sentiment in the April Ag Economy Barometer, and growing concerns about the impact of global conflict on farm inputs and income.
The USDA’s annual report leaves dairy producers with a mixed picture. Output and herd size expanded, but weaker prices kept income from rising with production.
Total cash receipts from marketings of cattle, calves, hogs, and pigs climbed by 18% in 2025 to $165 billion.
Higher freight rates and potential service disruptions are key concerns for agriculture, which relies heavily on rail to move commodities.
The new county maps show farm program payments are widespread, but payment design still produces very different outcomes across regions and crops. AgriSompo’s Brooks York joins us to discuss the role of crop insurance in supporting mental health.
Dr. Ernie Goss joined us to break down the latest Rural Main Street Index, discuss pressures on farm finances and equipment sales, and share expectations for the ag economy ahead.
