The USDA Risk Management Agency (RMA) recently announced several updates to Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM) and Livestock Risk Protection (LRP) programs that will take effect beginning with the 2027 crop year on July 1, 2026. The changes are intended to improve flexibility, expand coverage opportunities and create more consistency across livestock insurance products.
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Tax Talks
Highlights from the Fiscal Year 2026-2027 NYS Budget
Following three-months of delays, the New York State legislature has passed the Fiscal Year 2026-2027 (FY 26-27) budget. The final budget, signed into law by Gov. Kathy Hocul, includes many provisions relevant to our farm and agribusiness customers. The following are a few highlights of the recently passed legislation.
June 4, 2026
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Tax Talks
State Spotlight: Maine Dirigo Business Incentives
In today's Tax Talks, learn more about the Maine Dirigo Business Incentives program. The program offers significant tax savings for certain qualified businesses in the state of Maine.
May 29, 2025
Crop Insurance
Crop-Hail Coverage: Providing Peace of Mind in the Middle of the Storm
The Northeast U.S. frequently experiences severe weather, including hail, which can severely damage crops and lead to major financial losses for farmers. Due to the unpredictable nature of hailstorms, crop-hail insurance is a crucial safeguard for agricultural businesses. This type of insurance helps cover losses from reduced crop quality and yield caused by hail damage.
May 23, 2025
Business Tips and Tools
Proactive Strategies for Business Success: Good Records & Budgeting
If the past several years have taught us anything, it’s that we need to be agile. While we can’t plan for the unexpected — and the unexpected will come — we can be informed and proactive. Planning ahead using available insights can help you strategically accomplish your business goals. So, what can you do today to set yourself up for success?
May 12, 2025
Crop Insurance
Managing Dairy Revenue Risk
The dairy industry is inherently unpredictable. Market fluctuations, weather conditions and production variables all contribute to an unstable income landscape for dairy farmers. Dairy Revenue Protection, commonly referred to as DRP, is a federally subsidized program designed to help dairy producers manage revenue risk. This program offers dairy farmers a way to protect against unexpected declines in quarterly revenue from milk sales.
May 06, 2025
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