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.
If you are not taking full advantage of the beneficial provisions the tax code provides, you may be overpaying your tax bill. Farm Credit East tax specialist Andrew Cerio gives readers examples of tax provisions that may be overlooked if a tax preparer isn’t well-versed in the business of agriculture.
To market yourself to potential business partners, landowners and customers, you need to have a plan. Keith Dickinson discusses a communication tool to connect the values and goals of your business to potential investors.
Many producers utilize off-farm jobs to generate additional income and procure benefits such as health insurance and retirement funding. This raises the question, particularly for smaller farms, of how to balance off-farm employment while maintaining a successful operation at home. When deciding whether you can (or should) manage an off-farm job, here’s some things to consider.