Now that President Donald Trump is in the White House and Republicans are in control of the House and the Senate, it is almost a guarantee we will have tax reform this year. There will be major changes that affect farmers.
According to a new study commissioned by the National Corn Growers Association (NCGA), private crop insurance company returns are down significantly from 2010, when the Standard Reinsurance Agreement (SRA) was renegotiated between insurance companies and the federal government. Returns are still in line with benchmarks laid out by USDA’s Risk Management Agency, according to NCGA.
Do you plan to use crop insurance as a risk management tool this growing season?
Tax savings on exports are advantageous but might vanish