Risk management is the name of the game. If you know your Cost of Production (COP), your risk management strategy can set you up to preserve three things: liquidity, equity for future investments and equity for retirement.
Today’s Harvest Blog
Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
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Tax Talks
USDA Emergency Relief Programs for Producers
Emergency Relief Program (ERP) phase one closed on December 16, 2022. Phase two opened on January 23rd and runs through June 2, 2023. The funds appropriated by Congress will be distributed through the Emergency Livestock Relief Program (ELRP) and the ERP. Regarding ELRP, the Farm Service Agency will release more information once they have finished its analysis on the 2021 drought and wildfire impacts on livestock producers.
January 31, 2023
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Business Tips and Tools
A Look Back And A Look Ahead
Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, highlights five considerations to make in your business planning as you prepare for 2023.
December 13, 2022
Business Tips and Tools
Loan Application Essentials: What you need to apply
Are you in need of financing for your farm, fishing or forestry business but not sure how to get started? Don’t let the process be a barrier to getting the funding you need! Keep reading for a list of essential information you’ll need to submit an application.
December 06, 2022
Business Tips and Tools
The Levels of Dairy Risk Management
Dairy Risk Management can be an intimidating and complex process for many dairy operations; however, it is an important tool for protecting risk in dairy markets. Crop Growers agents Daniele Ricci and Megan Clancy explain the different levels available for your operation.
November 28, 2022
Business Tips and Tools
Pasture, Rangeland, and Forage Insurance Policy – Winter Precipitation Affecting a Summer Crop?
Pasture, Rangeland, and Forage (PRF) is a highly subsidized risk management plan geared toward hay producers or those producing hay for grass fed cattle. Did you know that snowfall creates the water table for the following growing season. If there is less snowfall than the past 50+ years’ average, there will be less water, and your PRF policy could pay you an indemnity.
November 15, 2022
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