In 2023, the Northeast experienced another wet tobacco growing season. Given the high cost of tobacco cultivation (over $1,000 per acre), risk management plans are crucial for producers. Connecticut insured more than 3,000 acres of this valuable crop. The purpose of crop insurance, like any other insurance, is not to bring profits but to make the producer whole again so they can continue to farm the following year.
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The tax code can be very confusing for agricultural businesses at times. Senior Tax Consultant, Dario Arezzo, dissects one of these instances — related party transfers — in today's Tax Talks blog.
June 30, 2021
In the Northeast, there is no shortage of fresh food grown locally. What’s your favorite summertime farm product? Let us know in the comments below and visit our Farm Fresh Guide to find out where to buy your favorite farm fresh products all summer long.
June 22, 2021
Farm Credit East’s information security team has been monitoring recent cyberattacks utilizing ransomware. In today's blog, Information Security Specialist, Deanna Pellegrino, provides helpful information about ransomware and how to protect your data.
June 17, 2021
In our final installment of the Lessons from the Pandemic series, we shift from the impact on the food system to the impact on the Northeast’s fiber system. The timber industry reacted quickly to the pandemic, promptly curtailing production, but soon found demand for many wood products would actually increase.
June 08, 2021