Farm Credit East recently hosted a webinar with Dr. Charlie Hall, of Texas A&M University, to review green industry (including nursery, greenhouse and sod industries) operational and financial performance in 2023 and provide a 2024 outlook. Read on for the key takeaways from this webinar.
Today’s Harvest Blog
Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
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Latest Tax Talk
Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny
In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.
April 11, 2024
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Tax Talks
USDA Emergency Relief Programs for Producers
Emergency Relief Program (ERP) phase one closed on December 16, 2022. Phase two opened on January 23rd and runs through June 2, 2023. The funds appropriated by Congress will be distributed through the Emergency Livestock Relief Program (ELRP) and the ERP. Regarding ELRP, the Farm Service Agency will release more information once they have finished its analysis on the 2021 drought and wildfire impacts on livestock producers.
January 30, 2023
Crop Insurance
Approved Production History Onion Insurance Policy - Is Your Crop Covered?
Onions are a specialized high-value crop, so it is essential to understand their insurance policy. Onions fall under the Multi-Peril Crop Insurance Approved Production History policy. In other words, anything Mother Nature throws at the crop is covered. Is your crop covered?
January 09, 2023
Business Tips and Tools
Reporting Your Spring Crop Planted Acres
As you wrap up your spring crop planting season, attention to detail is key when reporting your planted acres. Whether you are reporting to the Farm Service Agency (FSA) or to your Crop Growers crop insurance agent, make sure your report is accurate. Read more for key due dates and best practices.
June 28, 2022
Business Tips and Tools
Wet Planting Season? Consider Prevented Planting
If 2022 is a wet planting season, Multi-Peril Crop Insurance (MPCI) policies have a prevented planting provision that might come in handy. Read on for more information, and as always, keep in touch with your local Crop Growers agent to see if prevented planting is something you should consider.
May 03, 2022
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