2023 was a challenging year for wood products markets. Rising interest rates hampered demand while capacity ramped up across the south. Paul Jannke, a forest industry expert with Forest Economic Advisors (FEA), recently presented his perspective on the region’s forest product markets and economic outlook.
Today’s Harvest Blog
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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
Stay Up To Date With The Dairy Markets Insights Newsletter
The dairy industry is ever changing, and there is constantly news being thrown at us in all different directions. Our weekly dairy market insights newsletter is curated by the Crops Growers dairy and livestock team to keep you up to date on markets and current events impacting your dairy operation.
April 18, 2024
Crop Insurance
Two Powerful Safety Nets for Dairy Producers – Are You Covered?
As dairy producers know all too well, the dairy industry is prone to significant volatility and risk. Fluctuations in milk prices, feed costs and other factors can wreak havoc on profit margins. Fortunately, there are two important risk management tools available to dairy operations, Dairy Margin Coverage and Dairy Revenue Protection.
April 02, 2024
Crop Insurance
Crop Insurance Provides Certainty Against Unpredictable Weather
Crop insurance can protect against financial losses from weather-related crop damage and quality reductions. Its purpose is to ensure farmers can continue operating after a difficult season. In a year like 2023, being insured against these types of weather events can make or break a business.
February 22, 2024
Crop Insurance
Another Wet One – How Crop Growers Can Help Northeast Tobacco Growers
In 2023, the Northeast experienced another wet tobacco growing season. Given the high cost of tobacco cultivation (over $1,000 per acre), risk management plans are crucial for producers. Connecticut insured more than 3,000 acres of this valuable crop. The purpose of crop insurance, like any other insurance, is not to bring profits but to make the producer whole again so they can continue to farm the following year.
February 13, 2024
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