Farm Credit East, the Northeast’s largest agricultural lending cooperative, recently awarded $49,500 in college scholarships to 32 student recipients. Farm Credit East’s scholarship program supports students with diverse career aspirations in agriculture, commercial fishing and the forest products sectors from across the association’s seven-state territory.
Due to the unique challenges of the 2019 growing season, the USDA Risk Management Agency (RMA) has announced a one-time change to the 2019 crop year prevented planting rules. This change allows silage corn, if planted as a cover crop following local agricultural expert guidelines, to be allowed as a post-prevented planting cover crop as long as harvest takes place after September 1. Under this one-time adjustment, producers may produce this crop while retaining their prevented planting payment.
The new Dairy Margin Coverage (DMC) program is essentially a “next generation” of the previous Margin Protection Program. Numerous changes were made to create the DMC, with the resulting program more favorable for dairy producers. Learn more about this new risk management option. This issue’s second article highlights a relatively new section in Farm Credit East’s Today's Harvest blog: Tax Talks. In this series, Farm Credit East Senior Tax Consultant Dario Arezzo shares monthly insights on a variety of tax topics.
Farm Credit East’s Knowledge Exchange program released a briefing report on milk marketing in the Northeast. The report presents perspectives from Dr. Mark Stephenson, Director of Dairy Policy Analysis at the University of Wisconsin, and Lucas Fuess, Director of Dairy Market Intelligence at HighGround Dairy.