NEWS
Cliffhanger Tax Bill Rewards Ag
Marcia Zarley Taylor DTN Executive Editor
Wed Jan 2, 2013 03:01 PM CST

HADDONFIELD, N.J. (DTN) -- The dust hasn't yet settled in Washington, D.C., but farmers can count on scoring some significant tax victories in legislation signedto avert the fiscal cliff. Chief among them are provisions renewing generous write-offs for equipment purchases and permanent exemptions that spare moderate-sized farm estates from federal tax.

"On a scale of 1 to 10, I'd definitely give it a 7," said Paul Neiffer, a CPA and partner in the agribusiness group of CliftonLarsonAllen who spent much of New Year's Day studying the billPresident Barack Obama signed. "For the most part, terms are very favorable for agriculture ...

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