Agriculture Tax & Accounting Conference  (AGCONF)

8.00 CPE Credit Hours

Reminder: This course is not eligible for any discounts (CPE 40 Certificate, CPE 24 Bundle or Committee Coupon)

Get the 100% fresh, local insights you need to help your agricultural clients thrive. Dig into the latest farm tax updates (including the 2024 Farm Bill), economic developments, accounting news and planning opportunities affecting farmers. Learn from industry experts, including top-rated farm tax speaker Paul Neiffer, and come away with practical information to advise your ag clients.

CPAs, accountants and financial professionals who advise agricultural clients

• Learn about the latest farm tax issues
• Understand the current economic situation and outlook for farmers and ranchers
• Learn about long-term care and succession planning for farms

8:30am - 8:35am CDT
Welcome and Opening Remarks

8:35am - 9:25am CDT
Inflation, Interest Rate, and the Impact on Agriculture
Jason Henderson, Ph.D. | Department of Economics, Iowa State University
After surging in 2022, inflation has slowed with rising interest rates. Many are wondering if the rollercoaster rise of inflation is over or is this another 1970s/1980s cycle. This session will discuss the drivers of inflation and the prospects for inflation and interest rates heading forward. Then, the session will explore the impacts on farm incomes and balance sheets and how farmers are responding to both.

9:35am - 11:15am CDT
Farm Tax Update
Paul Neiffer, CPA
The agriculture industry's unique tax rules are closely linked to specialized income and tax deduction opportunities. This session explores the key areas on how to apply tax planning concepts unique to agribusiness and gain guidance on how to maximize tax benefits for your farm clients.

11:30am - 12:45pm CDT
Maximizing FSA Program Payments and the Latest on a Potential Farm Bill
Paul Neiffer, CPA
Review and discuss the potential new Farm Bill (if passed) and items CPAs need to know to help their clients maximize FSA program payments.

1:35pm - 2:25pm CDT
Accounting Update: Digesting Recent Changes in Accounting
John Rassi, CPA | CLA
Explore the impact of recent accounting standards effecting agricultural clients. Stay ahead of the curve by keeping pace with the latest industry updates, ensuring you're equipped to spotlight current issues to your clients.

2:40pm - 3:55pm CDT
Long-Term Care Issues for Farmers and Strategies to Protect Assets
Robert Moore, J.D. | Agriculture and Resource Law Program, Ohio State University
Long-term care costs can exceed $100,000/year. Many farm operations do not have adequate income to absorb these substantial long-term care costs. When savings run out, farm assets may need to be sold which jeopardizes the farming operation for the current owners and future generations. This session will discuss long-term care issues for farm operations and address strategies that can be used to help mitigate the risk of long-term care costs.

4:10pm - 5:00pm CDT
Tax Considerations for Farm Succession Planning in 2024
Kristine Tidgren, J.D. | Center for Agricultural Law & Taxation, Iowa State University
Review key farm succession tax considerations for 2024 including the impact of current gift, estate, and income tax rules and analyze common tools to address them.