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.
We all know the importance of reviewing your business’s tax position in “good times,” but what about the “bad times?” Managing your taxes is a critically important piece of the financial planning process in any given year.
Farming can be a risky endeavor. There are many ways to prepare for and mitigate risks, and an important one for many producers is crop insurance. Jeremy Forrett, Vice President, Crop Growers, LLP, discusses the importance of Northeast crop insurance in your risk management plan.
Weather fluctuation and market volatility are major risks for crop producers. Jeremy Forrett, Vice President/Assistant Manager of Crop Growers, LLP, gives us a spring weather update and how these risks can be mitigated through crop insurance.
