Crop insurance played an important role in 2019 for many Northeast spring crop producers. As we look ahead in 2020, utilizing your local agent's expertise to review your business goals, business risks, marketing plan and more can help you develop a plan that meets your business needs.
The demanding daily tasks of running a business can sometimes cause owners and managers to have a shorter term focus. After all, in the short term, they may have to concentrate on planting or harvesting crops, taking care of livestock, or day-to-day employee management. But as producers navigate day-to-day challenges, it’s important to maintain a long-term perspective.
At Farm Credit East, we are often asked about equipment purchases: What constitutes a “major” equipment purchase? How to plan for them? Whether to buy new or used? Tax expert Paul VanDenburgh provides his insight on some of these frequently asked questions.