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.
Many dairy producers are facing challenges in the current economic environment. The USDA Farm Service Agency has reopened the signup period for the Dairy Margin Protection Program, under changes to the program made by Congress in February. Farm Credit East and the Program on Dairy Markets and Policy recently hosted a webinar covering this signup reopening and “MPP 2.0.”
Now is as good a time as ever to start a farm business in the Northeast. Niche markets for ag products ranging from goat cheese to warehouse-produced lettuce are creating opportunities for young and beginning farmers to escape the “8-to-5” world and get involved in the industry they love.
Being successful as a young and beginning farmer isn’t ...