President Trump signed the One Big Beautiful Bill (OBBB) into law over the July 4th holiday. We have already covered business tax changes and individual tax changes, and today, we’ll highlight some of the most pertinent non-tax provisions impacting agriculture.
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Tax Considerations for Crop Insurance Indemnities
Many parts of the Northeast have faced a challenging planting season with wet weather and cool temperatures; now as summer kicks off, many are seeing significant stretches of above average temperatures. Given these recent extremes in weather conditions, a review of the tax implications of various crop insurance programs is warranted.
July 2, 2025
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Crop Insurance
Livestock Gross Margin Protection - Dairy, Cattle and Swine coverage
LGM is a livestock product that protects producers from declining product prices and increasing feed costs. There are separate programs for dairy, beef cattle and swine, but the program works relatively the same for each.
April 10, 2023
Crop Insurance
Understanding Your Milk Check
Understanding your milk check is a crucial piece to your operation’s revenue and risk management strategy. Milk checks vary between cooperatives and who you sell your milk to, but breaking it down by how the line items on your check are calculated can help you determine your mailbox price and what you are paid.
March 07, 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
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