Jan 29 2025 59 mins 1
On this episode, Robert Dudley interviews Paul Neiffer, a CPA with extensive experience in farm taxes and the Farm Bill. Robert and Paul discuss the Farm Bill and its impact on landowners. The Farm Bill is a comprehensive piece of legislation passed every 5-7 years that covers a wide range of agricultural and rural programs, including crop insurance, conservation, nutrition assistance, and more. Neiffer explains the process of how the Farm Bill is developed in Congress and the key trends, such as adjusted gross income limits and the growing importance of crop insurance. He highlights programs within the Farm Bill that benefit landowners, like the Conservation Reserve Program and conservation easements. Neefer also discusses potential changes in the upcoming Farm Bill, including increases to reference prices that could indirectly benefit landowners through higher rents. He advises landowners to stay engaged with their local USDA and extension offices to understand the programs available to them.
