Crop Growers, the insurance provider of Farm Credit East, provides coverage for reduced quality and production of crops resulting from hail events, giving acre-by-acre protection that can cover up to the full value of the crop.
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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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Crop Insurance
Crop Growers Year-End Reflection
"Not every day is perfect, but having the ability to make a difference in an agricultural operation allows me to walk away with such fulfillment." As the year comes to a close, Crop Growers crop insurance agent Daniele Harris reflects on 2023 and looks forward to continuing to help Northeast producers in 2024.
December 19, 2023
Crop Insurance
Risk Management Agency Develops New Policy for Apple Producers
The Risk Management Agency’s (RMA) Apple Crop Insurance Policy has become a mainstay of risk management in the United States apple industry. The working relationship between apple producers and RMA has resulted in a program that met most of the industry’s needs.
October 02, 2023
Crop Insurance
Whole Farm Revenue and Micro Farm Crop Insurance is Worth Another Look
Many farmers think of crop insurance as only relevant for large row-crop growers. But if you’re a diversified farm, there are new options that are worth another look, particularly in light of recurring natural disasters that have been hitting the region.
September 25, 2023
Crop Insurance
Next Steps for Northeast Producers Affected by Flooding and Excessive Rainfall
The recent Northeast flood events have been devastating for agricultural producers in the affected areas, with those in Vermont, New Hampshire, Massachusetts and Connecticut particularly hard hit. So what should affected farmers do now?
August 01, 2023
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