Risk management is the name of the game. If you know your Cost of Production (COP), your risk management strategy can set you up to preserve three things: liquidity, equity for future investments and equity for retirement.
Today’s Harvest Blog
Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
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USDA Emergency Relief Programs for Producers
Emergency Relief Program (ERP) phase one closed on December 16, 2022. Phase two opened on January 23rd and runs through June 2, 2023. The funds appropriated by Congress will be distributed through the Emergency Livestock Relief Program (ELRP) and the ERP. Regarding ELRP, the Farm Service Agency will release more information once they have finished its analysis on the 2021 drought and wildfire impacts on livestock producers.
January 31, 2023
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Business Tips and Tools
Planning a Good Year
Whether you're planning for a banner year or bracing for the worst, the main factors in any business are planning and communication. Farm Credit East Business Consultant, Ethan Robertson, gives some specific examples of planning for the year ahead, as well as succession planning for further into the future.
March 22, 2022
Business Tips and Tools
The Ability to Change -That's the Secret Sauce
Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, examines the characteristics and process of operating a business with a sustainable competitive advantage.
March 09, 2022
Business Tips and Tools
Setting Up Your Spring Crop Insurance Policy: Revenue Protection Vs. Yield Protection
As the March 15 deadline to finalize risk management plans for the year approaches, producers are faced with an important decision: revenue vs. yield protection. Daniele Ricci, Crop Growers LLP, gives an overview of the policies, and how to determine the right protection for your operation.
February 22, 2022
Business Tips and Tools
Setting Up Your Spring Crop Insurance Policy: Personalizing Your Unit Structure
Whether you're renewing your crop insurance policy, or signing up for the first time, choosing a unit structure for your policy can be tricky. Daniele Ricci, Crop Growers LLP, lays out the basic unit structures and gives an overview of how to determine the right structure for your operation.
January 19, 2022
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