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.
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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Latest Tax Talk
Tax Talks
The Tax Code and Residual Soil Fertility
Recently, an old tax concept began to resurface. Farmers are asking whether they can write off residual fertilizer in the purchase of farmland. Most farmers realize, the purchase of farmland is nondeductible and thus finding deductions during the purchase of farmland can be beneficial to help cash flow the purchase.
May 1, 2023
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Business Tips and Tools
Understanding your Cost of Production
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.
February 06, 2023
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 30, 2023
Ag Economy
Make Agriculture Count! The 2022 USDA Census of Agriculture
The ag census is the most reliable source of information on U.S. agriculture and provides extremely valuable information. If you receive a form, we encourage you to fill it out to make sure agriculture is counted! Following are a few frequently asked questions we’ve received from our customers.
January 25, 2023
Business Tips and Tools
5 Tips to Keep your Data Secure
We use technology in many ways — from desktop computers and laptops to tablets, smartphones or smartwatches. And unfortunately, all of these devices pose security risks. It’s important to understand these risks and the steps you can take to reduce your risk of a data privacy breach. To spread awareness about online privacy during Data Privacy Week, we put together the following five tips to ensure your private, personal information remains secure.
January 23, 2023
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