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Can farmers run red diesel in their semi trucks without facing a tax bill later? Farm CPA Paul Neiffer joins Chris Barron to discuss the 2026 diesel tax relief announcement, the difference between a tax deferral and a tax exemption, and what farmers should consider before using dyed diesel on the highway.
With harvest underway and diesel prices squeezing margins, Paul and Chris weigh the potential cash-flow benefit against tax paperwork, state rules, and the risk of costly mistakes. They explain why temporary relief doesn’t necessarily mean the tax disappears and why hauling grain across state lines adds another layer of uncertainty.
Topics include:
- Red diesel versus clear diesel in farm trucks
- Federal diesel excise taxes and temporary tax relief
- Why state rules matter when hauling grain across state lines
- Potential Form 720 filing requirements and preparation costs
- Fuel records, enforcement concerns, and what happens when relief ends
- Putting higher diesel prices into perspective on a per-bushel basis
Recorded October 13, 2026. The discussion reflects the information available at the time of recording.
Read Paul Neiffer’s Farm CPA Report:
https://www.farmcpareport.com/
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#RedDiesel #FarmTaxes #FarmManagement
