It provides extra wire in case it's ever needed, ie; connection goes bad on lugs and you need to strip it back for fresh wire, or you need to move panel for some reason (not too likely) and sometimes it makes it easier to connect to lugs depending on location relative to where the wire enters. It's more commonly done on branch circuits than feeders though. I don't see anything wrong with it, but I don't normally do it myself.
On now to learning how to bend conduit.