PARP and Tax Deadline
We are getting questions from farmers and accountants wondering if Pandemic Assistance Revenue Program (PARP) payments are still going to be made in 2023. Many are tidying up taxes for 2023, so they’re getting antsy.
A USDA official told us: “You are correct, the end of year always becomes sensitive with FSA issuing program payments due to the potential tax burden and providing producers the opportunity to prepare, not to mention the burden on staff that are trying to use leave during the holidays. We are currently waiting for the Secretary’s office to give us the green light to process. I would say that if we don’t get the green light this week to process those payments by next week, there is a chance that these payments will wait until after the first of the year.”
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