Pinion Insights: Posts from category

Permanent Specialty Crops

In Wake of Disaster, How to Minimize Taxes on Insurance Proceeds

New Retroactive Wildfire Tax Relief: Action May Be Needed

By Pinion Editorial | December 13, 2024
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Reading Time: 2 minutes
On December 12, 2024, President Biden signed the Federal Disaster Tax Relief Act of 2023. The law exempts from income tax qualified wildfire relief payments made to individuals. Prior to the Disaster Tax Relief Act, some payments to disaster victims – such as settlement payments from utility companies – were …

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Best Practices for Business Owners in 2025 and Beyond

By Pinion Editorial | December 11, 2024
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Reading Time: 2 minutes
As a business owner, you likely spend most of your days – and many of your nights – thinking about the daily operations of your business. Retaining customers, analyzing the competition, marketing services and products, tackling human resource issues…the list is endless. “It’s easy to get caught in the weeds …

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Is Your Business Ready for Leadership Transition?

By Pinion Editorial | December 10, 2024
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Reading Time: 3 minutes
Whether your leadership transition is months or years away, there are crucial steps you can take now to prepare for a successful outcome. But successful transitions don’t just happen overnight. They take planning, preparation and foresight. In this blog, Pinion advisors share common succession pitfalls and strategies to help you …

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Summary of Election Impacts for Ag Producers and Processors

By Pinion Editorial | December 3, 2024
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Reading Time: 14 minutes
The 2024 federal elections will have significant impacts on policies that affect U.S. food and agriculture. With election day in the rear-view mirror, it is important to delve into how the results will likely impact our industry. Potential Upsides for the Agriculture Industry: In some cases, we expect policies that …

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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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