The USDA Risk Management Agency (RMA) recently announced several updates to Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM) and Livestock Risk Protection (LRP) programs that will take effect beginning with the 2027 crop year on July 1, 2026. The changes are intended to improve flexibility, expand coverage opportunities and create more consistency across livestock insurance products.
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If you’re a commercial fisherman planning to build, buy, lease or rebuild a vessel, the Capital Construction Fund (CCF) can be one of the most powerful tax planning tools available to you. The CCF lets you set aside income today, defer federal income tax and use that money later to invest in your fishing business. Let’s discuss the details of this program.
May 26, 2026
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In 2023, the Northeast experienced another wet tobacco growing season. Given the high cost of tobacco cultivation (over $1,000 per acre), risk management plans are crucial for producers. Connecticut insured more than 3,000 acres of this valuable crop. The purpose of crop insurance, like any other insurance, is not to bring profits but to make the producer whole again so they can continue to farm the following year.
February 13, 2024
Last year saw a marked decline in milk prices from 2022. Feed and fuel costs declined to a lesser extent, but many other expenses increased, reducing margins for dairy producers. Farm Credit East and Crop Growers crop insurance recently hosted a webinar to provide a 2024 outlook for the Northeast dairy industry.
February 06, 2024
2023 was a wet growing season in the Northeast. As a result, the more than 240 Northeast potato producers growing 63,000 acres of potatoes endured a tough growing season loss. Many Northeast potato farmers use crop insurance to help manage this risk. Below are three endorsements that tailor the USDA RMA potato crop insurance policy for potato operations.
January 30, 2024
Cyber threats are increasingly common — from cybercriminals gaining access to personal accounts, to ransomware attacks resulting in malicious software that lock computers until a ransom is paid. Following are five tips to help prevent you from becoming a victim of a cyber scam and ensure your information remains secure.
January 23, 2024