Agriculture Tax & Accounting Conference
Live Virtual Conference
9.00 Credits
Member Price $359.00
Price will increase by $50 on 8/1
Non-Member Price $419.00
Price will increase by $50 on 8/1
Highlights
See Agenda tab above for the full conference schedule.
Designed For
CPAs and other business professionals representing farmers and clients in the agriculture industry.
Objectives
To cover unique tax and accounting opportunities and pitfalls in the agriculture industry.
Notice
- Login information and eMaterials will be distributed to attendees via email 3-5 days prior to the conference and posted in the My Upcoming CPE section of the ISCPA website.
Wednesday, August 14
Optional Session
7:30am - 8:20am CDT Optional Bonus Session: Topic TBD
Attend this session and receive one (1) additional hour of CPE credit (9 hours total).
Speaker: TBD
This session is available to registrants only.
General Session
8:30am - 8:35am CDT Welcome and opening remarks
This session is available to registrants only.
General Session
8:35am - 9:25am CDT Inflation, Interest Rate, and the Impact on Agriculture
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.
Speaker: Jason Henderson, Ph.D. | Department of Economics, Iowa State University
Session area of study: Economics (Technical)
This session is available to registrants only.
General Session
9:35am - 11:15am CDT Farm Tax Update
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.
Speaker: Paul Neiffer, CPA
Session area of study: Taxation (Technical)
This session is available to registrants only.
General Session
11:30am - 12:45pm CDT Maximizing FSA Program Payments and the Latest on a Potential Farm Bill
Review and discuss the potential new Farm Bill (if passed) and items CPAs need to know to help their clients maximize FSA program payments.
Speaker: Paul Neiffer, CPA
Session area of study: Business Law (Technical)
This session is available to registrants only.
General Session
1:35pm - 2:25pm CDT Accounting Update: Digesting Recent Changes in Accounting
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.
Speaker: John Rassi, CPA | CLA
Session area of study: Accounting (Technical)
This session is available to registrants only.
General Session
2:40pm - 3:55pm CDT Long-Term Care Issues for Farmers and Strategies to Protect Assets
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.
Speaker: Robert Moore, J.D. | Agriculture and Resource Law Program, Ohio State University
Session area of study: Specialized Knowledge (Technical)
This session is available to registrants only.
General Session
4:10pm - 5:00pm CDT Tax Considerations for Farm Succession Planning in 2024
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.
Speaker: Kristine Tidgren, J.D. | Center for Agricultural Law & Taxation, Iowa State University
Session area of study: Taxation (Technical)
This session is available to registrants only.
Leader(s):
Leader Bios
Jason Henderson
A nationally recognized expert in agricultural and rural issues, Jason R. Henderson is the Vice President for Extension and Outreach and professor in the Department of Economics at Iowa State University. In his role as Vice President, Jason leads 900 extension faculty and staff throughout the state of Iowa to engage all Iowans in research, education, and extension experiences to address real-life challenges and prepare for a thriving future.
Prior to Iowa State, Jason was at Purdue University and served as director of extension and senior associate dean for faculty development in the College of Agriculture, as well as assistant vice provost for engagement. He previously served as Vice President and Omaha Branch Executive at the Federal Reserve Bank of Kansas City. Jason has published more than 60 research articles in academic and Federal Reserve publications on such topics as land values, entrepreneurship, electronic commerce in agriculture, demographics, and many more. He holds masters and doctorate degrees in agricultural economics from Purdue University and a bachelor’s degree in economics from Central College in Pella, Iowa. Jason was raised on a family dairy farm in Northeast Iowa.
John Rassi
John specializes in bringing value to privately-held businesses and their owners, primarily in the agribusiness industry. For more than 25 years, John has provided assurance and consulting services for clients as well as identifying opportunities for process improvement and tax saving opportunities. He has consulted on the development and implementation of internal and accounting controls and performed due diligence work for a variety of mergers and acquisitions.
John is a graduate of the University of Illinois with a Bachelor of Science Accounting degree. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Illinois CPA Society. John also serves as a director of the Illinois Cooperative Council and the Past President of the National Society of Accountants for Cooperatives, Mississippi Valley Chapter.
Kristine Tidgren, Director/Faculty, Iowa State University
Kristine is the Leonard Dolezal adjunct associate professor in the Agricultural Education & Studies Department at Iowa State University. She also serves as the Director for the Center for Agricultural Law and Taxation, which includes Iowa’s Beginning Farmer Center. Since joining CALT in 2013, Kristine has written hundreds of blogposts (AgDocket) and other publications to keep tax professionals, attorneys, agricultural producers, and policymakers informed about tax and legal developments impacting agriculture. She also writes and edits curriculum for income tax courses taught throughout the country and oversees the educational materials and resources offered by CALT. Each year, Kristine speaks to thousands of professionals and producers on tax and agricultural law topics. She also directs nine two-day Annual Federal Income Tax Schools, an Agricultural Law Seminar, three Agricultural Tax Issues Courses, and various webinars hosted by CALT. In 2023, CALT partnered with The Ohio State University and the National Agricultural Law Center to offer Cultivating Connections: A Conference for Farm Transition Planners. Kristine teaches AgEds 451, a three-credit agricultural law class in the College of Agriculture and Life Sciences. She regularly collaborates with members of the Rural Tax Education Committee, the Land Grant University Tax Education Foundation, and the American Agricultural Law Association, where she serves as a board member. Kristine is licensed to practice law in Iowa, Missouri, and Kansas (inactive).
Paul Neiffer
Paul Neiffer, CPA provides income and estate tax planning services and FSA planning related to farmers and their families. Paul is past president of the Farm Financial Standards Council and current chair of the AICPA Ag Conference. He writes the "FarmCPA" column for Top Producer magazine along with their Top Producer Podcast and is also the primary author of the "FarmCPAReport.com" blog. Paul is a nationally recognized speaker on many subjects related to farmers and processors including tax planning, estate tax and succession planning, farm management accounting, farm bill, farm economics and many other related topics. He was instrumental in the Congressional discussions that resulted in the "grain glitch fix" in early 2018, after the enactment of the Tax Cuts and Jobs Act.
Robert Moore
Robert Moore is an attorney and research specialist with the Agriculture and Resource Law Program at the Ohio State University. Prior to joining OSU, Robert and his wife, Kelly, owned Wright & Moore Law Co. LPA, a law firm in Delaware, Ohio focusing on legal services for farmers and landowners. Robert continues to provide legal services to clients on a part-time basis.
Robert was raised on a dairy farm in Coshocton County, Ohio. He attended Ohio State University receiving a B.S. in Dairy Science and an M.S. in Agricultural Economics. He received his J.D. from Capital University in Columbus, Ohio where he graduated cum laude.
Robert began his career as a county Extension Educator with Ohio State University Extension. He later worked in the Agricultural, Environmental and Development Economics where he worked on farm budgeting, custom rate surveys, and other farm management related work. Robert left OSU Extension in 2004 to enter private practice. After 18 years of private practice, he rejoined OSU Extension.
Robert’s area of focus is farm succession planning, business entities and taxation. Over the years, Robert has worked with many farm families in designing and implementing succession plans for their family farming operations. He is excited to bring his experience to the Agriculture and Resources Program and looks forward to providing information and resources to farm families.
Non-Member Price $419.00
Member Price $359.00