Source: USDA Farm Service Agency

The Livestock Indemnity Program (LIP) provides assistance to eligible producers for livestock deaths in excess of normal mortality caused by adverse weather, disease and attacks by animals reintroduced into the wild by the federal government or protected by federal law.

LIP compensates livestock … Read More

As the farm economy continues to work through a prolonged downturn, credit quality and the deterioration of agricultural loans remains the top concern for ag lenders, according to the Fall 2019 Agricultural Lender Survey report produced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly … Read More

During an agricultural bust, opportunities are abundant. However, know your ratios to make sound financial decisions for your operation’s future. – BEEF Magazine … Read More

Average feedyard close-outs were printed in black ink last week for the first time in several months after a $3 per cwt. rally in cash cattle prices. Choice steers averaged $133.36 per cwt., lifting feedyard margins to an average of $40 per head, after losses of $25 per head the previous week, according … Read More

Many landowners are being approached by solar energy developers. Become informed by checking out a guide from Shannon Ferrell, Oklahoma State University Department of Agricultural Economics, Understanding Solar Energy Agreements. You can also listen to Tiffany Dowell Lashmet discuss the topic … Read More

In agriculture, there are a variety of tax laws, deductions and requirements unique to the industry. As a … Read More

The U.S. Bureau of Economic Analysis released the advanced estimate for third  quarter GDP yesterday. The report showed the U.S. economy continues to slow but beat pre-report expectations coming in at 1.9% compared to 2% in the second quarter and over 3% in the first quarter, all … Read More

Pasture, Rangeland and Forage (PRF) insurance is a risk policy designed to provide annual protection for farmers and ranchers who rely on forage products to support their cattle operations. The U.S. Department of Agriculture Risk Management Agency offers the PRF program and policies covering the 2020 calendar year through crop … Read More

After a natural disaster, taxpayers may need records to help them prove their disaster-related losses. This may be for tax purposes, getting federal assistance or insurance reimbursement. In many cases, these records may have been destroyed in the disaster. However, not all hope is lost as people can often reconstruct … Read More