As we embark on the 2025 grape harvest, those who insure their crop must be proactive in ensuring accurate production records and timely completion of appraisals. This year also brings some changes to crop insurance options, so it’s critical producers stay informed. This article provides tips and reminders on these important topics.
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Tax Talks
Federal Government to Phase Out Paper Checks: What It Means for You
Early in 2025, the federal government announced an Executive Order aimed at modernizing how federal payments are handled. Under Executive Order 14247, signed in March 2025, all federal disbursements and receipts will transition to electronic formats by September 30, 2025. This change will impact individuals, businesses and organizations that receive or make payments to the federal government.
September 30, 2025
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Ag Economy
Key Factors to Watch in the Forest Products Market for 2025
With a challenging housing market and a resumption of 25% tariff on U.S. imports of Canadian goods, what is at store for the forest products industry for 2025? Farm Credit recently hosted a webinar with Paul Jannke, of Forest Economic Advisors, to present a 2025 forest products industry outlook. Below are key takeaways on current housing market trends, inflationary pressures and economic factors that are affecting the industry.
April 08, 2025
Crop Insurance
USDA Emergency Commodity Assistance Program: Applications Open
The USDA’s Emergency Commodity Assistance Program (ECAP) opened applications on March 19, 2025, providing $10 billion in economic assistance to farmers. This initiative is part of a broader $31 billion package approved by Congress in December 2024, aimed at supporting farmers affected by natural disasters in 2023 and 2024. The USDA plans to release initial payments, covering 85% of the total, with supplemental payments expected in the summer.
April 03, 2025
Business Tips and Tools
Vermont Saves Retirement Savings Program
Vermont Saves is a retirement savings program created to give an option to employers that do not offer retirement benefits. The Vermont Saves Program allows employees to contribute to their own Roth Individual Retirement Account (IRA) through automatic payroll deductions.
April 01, 2025
Tax Talks
FinCEN Updates Beneficial Ownership Reporting Requirements
As of March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) has announced significant changes narrowing the scope of the reporting requirements for beneficial ownership information (BOI) under the Corporate Transparency Act. This update, consistent with the U.S. Department of the Treasury's recent announcement, aims to simplify the process for U.S. companies and individuals.
March 25, 2025
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