The dairy industry is inherently unpredictable. Market fluctuations, weather conditions and production variables all contribute to an unstable income landscape for dairy farmers. Dairy Revenue Protection, commonly referred to as DRP, is a federally subsidized program designed to help dairy producers manage revenue risk. This program offers dairy farmers a way to protect against unexpected declines in quarterly revenue from milk sales.
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As field work and spring planting kicks off across the Northeast, many farmers are making significant investment in equipment, crop inputs and labor. These expenditures present opportunities for proactive tax planning and sound record keeping. By aligning your spring activities with tax efficient strategies, you can optimize deductions, manage cash flow effectively and set the stage for a smoother year-end process.
April 30, 2025
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The importance of succession planning for farmers cannot be overstated. Without a well-thought-out succession plan, the future of the farm and the livelihoods of those who depend on it are at risk. Succession planning can help ensure the family farm remains operational and productive, the farm's legacy is preserved, and the family's financial future is secure.
July 18, 2023