As April 15 approaches, it’s time to make sure you’re tax ready with accurate records and necessary documentation.
Consult this list to make sure your affairs are squared away:
All farm-related receipts are accounted…
Don’t Miss It: The Deadline for Risk Coverage Programs is Approaching Quickly
The deadline to enroll into the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) program is Monday, March 15.
Enrollment in these…
https://tiverton.ag/wp-content/uploads/2021/03/TIV-Risk-Coverage-Programs.jpg5411030Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2021-02-18 10:27:422021-03-08 13:10:52Deadline for Risk Coverage Programs is Approaching Quickly
In the fourth quarter of 2020, loans to farmers significantly decreased to a historically low number. According to the National Survey of Terms of Lending to Farmers, farm lending declined at an average pace of 2% throughout 2020.
https://tiverton.ag/wp-content/uploads/2021/02/TIV-FebNews1.jpg5411030Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2021-02-08 15:06:252021-02-08 15:09:25Farmers Required Fewer Loans in 2020’s Fourth Quarter
The impact of COVID-19 on the agricultural community has leaked into farm financing. According to economists, the total amount of non-real estate farm loans has been limited. While the total non-real estate loan volumes…
https://tiverton.ag/wp-content/uploads/2020/11/cornharvest04.jpg281679Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-11-02 14:21:152020-11-02 14:21:15Agriculture Loans in 2020 Below Trend
Despite the hardships that came with COVID-19 this year, farmers were still dedicated to providing produce, earning them favor with consumers. In a recent Gallup Poll, farming and agriculture are listed as the top-ranking…
https://tiverton.ag/wp-content/uploads/2020/10/TIV-NovBlog1.jpg5411030Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-10-29 16:50:562020-10-29 16:50:56Farming Listed as Top Rated U.S. Industry in Gallup Poll
The last six months have greatly impacted dairy farms. With shoppers being limited on their milk purchases during the quarantine period and a 50% demand reduction at restaurants, farmers found themselves forced to dump good milk. About 10% of…
https://tiverton.ag/wp-content/uploads/2020/10/10.27.jpg6301200Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-10-22 16:03:532020-10-22 16:04:32Dairy Farmers Recovering After COVID-19 Profit Losses
The farm community has experienced a variety of external stressors this year. From wildfires and drought to the financial and relational tolls of a pandemic, the impact on mental health has been felt widely. Most sectors…
https://tiverton.ag/wp-content/uploads/2020/09/TIV-MentalHealth.jpg5411030Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-09-30 15:03:492020-09-30 15:03:49Focusing on Mental Health in the Ag Community
Farmers are growing more concerned about their market access as a result of COVID-19 than their financial situation, a Purdue University poll shows. 45 percent of producers said their ability to network and connect with the…
https://tiverton.ag/wp-content/uploads/2020/09/TIV-Harvest-Marketing.jpg5411030Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-09-30 14:42:112020-09-30 14:50:46Market Access a Primary Concern for Farmers
A Texas A&M University AgriLife study has shown that COVID-19 will reduce U.S. gross domestic by 11.9% or $2.5 trillion. This is equivalent to 19 million full-time jobs. Beyond the borders of the United States, the World…
https://tiverton.ag/wp-content/uploads/2020/09/TIV-GDP.jpg5411030Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-09-30 14:38:012020-09-30 14:51:19U.S. GDP Reduced Due to COVID-19
Agricultural producers whose farms have been affected by the recent wildfires may qualify for loans and other financial assistance from the USDA. Due to more than 2 million acres of land being burned by wildfires, the…
https://tiverton.ag/wp-content/uploads/2020/09/TIV-Wildfires.jpg5411030Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-09-23 17:22:352020-09-23 17:23:16Financial Assistance Available to Farmers Impacted by Wildfires
The USDA’s Farm Service Agency (FSA) is now offering annual installment deferral options for farm storage facility loan borrowers who have experienced hardship from the pandemic or other production challenges. It’s a one-time…
https://tiverton.ag/wp-content/uploads/2020/09/9.17-2.jpg6301200Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-09-04 13:09:232020-09-04 14:33:24Farm Storage Facility Loan Borrowers Can Now Defer Payment
Commodity prices and closed markets aren’t the only effects of the pandemic. Farm lending has slowed and lends to a more pessimistic outlook for agricultural economic conditions. The slowdown is consistent across all types of loans, and delinquency…
https://tiverton.ag/wp-content/uploads/2020/09/9.10-2.jpg6301200Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-09-04 12:58:572020-09-08 15:14:59Farm Lending Slows, More Pessimistic Outlook for Agricultural Economic Conditions
Despite a $7 billion injection from the Department of Agriculture to mitigate losses caused by the coronavirus pandemic, The Wall Street Journal reports that more U.S. farmers are filing for bankruptcy.
Why it Matters: Farmers are fighting…
https://tiverton.ag/wp-content/uploads/2020/09/9.1.jpg6301200Tivertonhttps://tiverton.ag/wp-content/uploads/2020/09/Website-logo-1.pngTiverton2020-09-02 22:05:362020-09-04 13:12:26More Farmers Declare Bankruptcy Even with Billions in Aid
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