About: Paul

Profile

Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a partner with CliftonLarsonAllen in Yakima, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. In fact, Paul drives combine each summer for his cousins and that is what he considers a vacation. Leave a comment for Paul. If you would like to leave a comment for Paul, follow the link above, however, please make sure to include your email address so that he can reply to your comment (your email address will not automatically show up).


Articles by Paul:

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    November 24th, 2014


    Take Advantage of Low Rates!

    The IRS just released their applicable federal rates for December 2014.  For loans less than 3 years, the rate is .34%; 3 to 9 years, it is 1.70%; and for over 9 years, it is 2.70%.  These very low rates provide a very good opportunity to transfer additional wealth to your children or grandchildren without […]

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    November 23rd, 2014


    Farm Exports Hit Record $152.5 Billion for FYE September 30, 2014

    The USDA announced earlier this month that total US farm exports for the fiscal year ended September 30, 2014 hit a new record of $152.50 billion.  This is up from the previous record set the year before of $141 billion (almost a 10% increase).  It was the first time that exports for any month exceeded […]

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    November 21st, 2014


    Monsanto Paying Less Than 2 Cents a Bushel on Settlement!

    Monsanto on November 12, 2014 announced they had reached a settlement with Pacific Northwest soft white wheat growers to compensate them for losses incurred due to the GMO wheat plant found on a Northeastern Oregon farm in 2013.  Total total settlement to farmers is $2.15 million with another $250,000 going to the state’s wheat associations. […]

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    November 21st, 2014


    ARC-CO Can Still Make a Payment for High Yield 2014 Counties

    One of the misconceptions I keep hearing about ARC-CO for this year is that it will not pay anything since my county yield for this year is so much higher than the Olympic average, therefore I want to elect PLC. I decided to run some numbers on McLean County, Illinois which is one of the better […]

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    November 20th, 2014


    Where Do They Come Up With These Numbers?!

    Yahoo News released an article yesterday estimating the amount of ARC and PLC payments for the 2014 crop year being in excess of $10 billion.  We previously posted on how much the corn and soybeans payments might be for this crop year. We assumed that corn prices would average $3.20 for the whole year, soybean prices would […]

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    November 19th, 2014


    Whole Farm Crop Insurance May Be for You

    RMA recently released the details on the new Whole-Farm Revenue Protection (WFRP crop insurance program.  This insurance replaced the old Adjusted Gross Revenue (AGR) and Adjusted Gross Revenue-Lite (AGR-Lite) programs.  This insurance plan is tailored for any farm with up to $8.5 million in insured revenue and includes farms with specialty or organic commodities (both […]

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    November 18th, 2014


    Another Section 179 Update

    It seems that my inbox is blowing up with questions about what Section 179 will be for 2014.  Whenever, I indicate that we should know what the final number should be around Christmas or even New Years, I get emails back saying doesn’t Congress know that taxpayers really can’t make informed equipment decisions without knowing […]

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    November 17th, 2014


    USDA and Partners Complete First-of-Its-Kind Sale of Carbon Credits from Working Ranch Grasslands

    With the help of a grant from USDA’s Natural Resources Conservation Service, a carbon credit system for private landowners in North Dakota was created who agree to avoid tillage of grasslands.  Grasslands store carbon dioxide which are one of the leading greenhouse gases contributing to climate change according to the USDA. Using this new carbon credit system, […]

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    November 16th, 2014


    Direct Deposit Limits

    In an effort to combat fraud and identity theft, new IRS procedures effective January 2015 will limit the number of refunds electronically deposited into a single financial account or pre-paid debit card to three. The fourth and subsequent refunds automatically will convert to a paper refund check and be mailed to the taxpayer. While this […]

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    November 16th, 2014


    Succession Planning…. Start Early

    I had the pleasure of speaking at the Tri-State Grain Growers Convention (WA, OR and ID) this past Friday on a panel about family farm succession where I was able to share the perspective of a CPA.  The other panelists were an attorney, a financial advisor, and a family business advisor and we discussed a […]

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