As the region celebrates Dairy Month this June, the New York agricultural community has even more reason to cheer: Governor Kathy Hochul recently announced that $21.6 million has been awarded to 103 farms through the Dairy Modernization Grant Program.
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Tax Talks
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
Beyond Dairy Revenue Protection: The Crop Growers Value
Crop Growers is Northeast producer’s first choice for dairy and livestock insurance because our team provides so much more than just sound risk management plans. Beyond insurance policies, Crop Growers brings additional value to its customers through these smart management tools and resources.
June 12, 2023
Crop Insurance
Late Spring Freeze – Next Steps for Insured Crop Policy Holders
The short stretch of warm days in April prompted an early start to the growing season for vineyards and orchards across the Northeast. Many growers weren’t too worried given the mild winter. They thought, “As long as there’s no freeze, we’ll be ok.” Unfortunately, the early morning hours of May 18, 2023, brought those low temperatures that were looming in the back of everyone’s mind. What do you do now?
June 05, 2023
Tax Talks
New York Farmers and Refundable Investment Tax Credit
The recently enacted New York State budget makes the Investment Tax Credit (ITC) fully refundable for eligible farmers who derive more than two-thirds of their gross income from farming. This provision will be in place through 2027 and will greatly benefit eligible farmers in New York State. Today’s post provides a high-level overview of the ITC.
May 29, 2023
Crop Insurance
It pays to have Dairy Revenue Protection
Why does it pay to have Dairy Revenue Protection (DRP)? DRP sets a quarterly price floor based on Chicago Mercantile Exchange (CME) futures prices to protect dairy producers against unexpected declines in milk revenue. It’s important to protect your operation — and DRP is one of the resources you can have in your toolbox to do so.
May 22, 2023
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