Across the country, dairy producers are seeing an unexpected bright spot in their bottom lines — record-high calf prices. In the past month, feeder cattle prices have reached record highs, with beef calf prices surpassing $1,600 per head. The growing beef-on-dairy trend has transformed calf sales into a meaningful revenue stream, adding $3.00 or more per hundredweight to many producers’ bottom lines.
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Latest Tax Talk
Tax Talks
Maximizing Your Farm’s Bottom Line: Income and Expense Reporting
Filing farm taxes doesn’t have to be confusing. The IRS requires you to report all income unless specifically excluded, and only deduct expenses that are both ordinary—common in farming—and necessary—helpful for your business. Understanding these basics can save you time and stress.
October 27, 2025
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Crop Insurance
Proactive Strategies for Business Success: Protecting your investment with crop insurance
While we can’t predict the future, we can certainly plan for the unexpected, and crop insurance is an important tool to help producers do just that. Ag businesses that are eligible for crop or livestock insurance should consider the value risk management tools can provide. So, what are the next steps for protecting your investment with crop insurance?
July 15, 2025
Tax Talks
Tax Considerations for Crop Insurance Indemnities
Many parts of the Northeast have faced a challenging planting season with wet weather and cool temperatures; now as summer kicks off, many are seeing significant stretches of above average temperatures. Given these recent extremes in weather conditions, a review of the tax implications of various crop insurance programs is warranted.
July 02, 2025
Business Tips and Tools
Exceptionally Wet Weather Conditions Lead to Delayed Planting in New York
While corn and soybean crop planting is slightly ahead of last year nationally, it is way behind in New York and across the Northeast, due to unusually cold and wet weather, making field work difficult.
June 24, 2025
Crop Insurance
Livestock Risk Protection (LRP) Expanded Coverage: What Livestock and Dairy Producers Need to Know
The USDA Risk Management Agency (RMA) has announced significant updates to the Livestock Risk Protection (LRP) program for the 2026 crop year, effective July 1, 2025. These changes are designed to give producers more tools to manage risk and better align coverage with market dynamics.
June 16, 2025
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