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.
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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
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Every summer, Farm Credit East offers a 12-week internship program with the goal of providing real-world, hands-on experience alongside our Farm Credit professionals. Cuyler Reynolds recounts his experience as part of the 2022 program.
October 10, 2022
In the financial world, your cash position is referred to as liquidity, i.e. your ability to pay your bills. Liquidity is important to any agricultural business, yet it may have a heightened significance depending on what you produce, how long it takes you to produce it and how it’s sold or marketed.
October 03, 2022
Crop insurance is one of the most important tools you can have in your proverbial “toolbox.” There are many types of policies that can be tailored to your operation and what you’re growing. Crop insurance can provide coverage on a variety of naturally occurring peril. And when one of these perils occurs, you need to know how and when to file a claim.
September 26, 2022
Farming remains one of the most dangerous occupations in the country. Accidents can, and do, happen all the time. It’s important to implement preventative precautions and to be prepared if the worst case scenario happens.
September 18, 2022