The Federal Crop Insurance Corporation (FCIC) has announced sweeping changes to federal crop insurance policies, effective for the 2026 and succeeding crop years. These updates, known as the Expanding Access to Risk Protection (EARP) Final Rule, are designed to modernize the farm safety net, reduce regulatory burdens, and expand coverage options for producers across the country.
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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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