Pinion Insights: Posts from category

Permanent Specialty Crops

Tax Planning for Agribusiness Ahead of 2025

By Pinion Editorial | October 28, 2024
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Reading Time: 3 minutes
As producers begin their annual reflection upon the past year and shift the focus into next year, planning considerations around tax and financial strategies become top of mind.  With the election ahead and many uncertainties around potential policy changes ahead – it’s important to stay focused on what can be …

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Emergency Relief

Bracing for Natural Disasters – To Do’s and FAQs

By Pinion Editorial | October 25, 2024
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Reading Time: 5 minutes
What individual farmers can do to mitigate risk in the midst of crisis: 1. Have a farm emergency action plan in writing. “Most state departments of agriculture offer templates, and knowing who to contact in the event of an emergency is the most important part,” says Phil Newendyke, director of …

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flooded field

Documentation is Key for Disaster Assistance after Hurricane Helene

By Pinion Editorial | October 1, 2024
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Reading Time: 2 minutes
Recovery from Hurricane Helene is well underway in the Southeast, and many farmers are struggling with decisions on what to do with damaged crops and livestock facilities. The Category 4 storm impacted farms in the states of Florida, Georgia, Tennessee and the Carolinas, where fast winds and flooding washed out …

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Cyber Reality Bites into U.S. Food Supply Chain: How to Protect Your Operation

By Pinion Editorial | September 27, 2024
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Reading Time: 3 minutes
If you’ve previously brushed off the notion of cyber threats, it’s time to reconsider. The food and agriculture industry has just become the seventh most targeted industry in the U.S. for cybercrimes. No size or scope of operation is immune. “Wherever in the country you may live—from California to Nebraska …

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usda building

USDA Deadline Announced for Emergency Relief Program and FSA-510 Filing

By Pinion Editorial | July 30, 2024
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Reading Time: < 1 minute
The U.S. Department of Agriculture recently announced August 14, 2024, as the deadline for commodity and specialty crop producers that suffered losses as a result of a 2022 natural disaster to apply for the Emergency Relief Program (ERP). An estimated $3.2 billion in funding was allocated by Congress to cover …

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5 Traits Found in Resilient Producers

By Pinion Editorial | July 26, 2024
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Reading Time: 5 minutes
What keeps a farmer in business through droughts, rising costs, falling prices and other invisible struggles? What helps you weather through? “As an Ag marketing and risk management advisor who’s been around the block (more than a few dozen times), I’ve had the benefit of having had thousands of honest conversations …

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Deadline Reminder: Livestock Insurance Deadline Approaching

By Pinion Editorial | May 14, 2024
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Reading Time: 2 minutes
The USDA Risk Management Agency offers two popular federally subsidized livestock insurance programs: Livestock Risk Protection (LRP) and Dairy Revenue Protection (DRP). The deadline for transferring these programs is June 30. If you are unsatisfied with your current coverage or risk management advice related to DRP or LRP, now is …

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Use It or Lose It: Lock in Estate Tax Advantages Now

By Pinion Editorial | May 7, 2024
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Reading Time: 3 minutes
The estate tax exemption doesn’t sunset until the end of 2025. So why worry about it now?   Unfortunately, this historically high estate and gift tax exemption offers a short window of opportunity, and it may be closing soon. If you want to preserve more of your wealth, it’s important to …

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