There are several strategies farmers and ranchers can be using during the tax planning season. AgCountry Farm Credit Services Vice President of Taxes Renee Fink says one of the main strategies is deferring crop insurance. Learn more in the latest Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.
The Federal Reserve has cut the benchmark interest rate by a quarter percent. This is the third interest rate deduction this year. Fed Chair Jerome Powell also indicated interest rates will likely stay at current levels unless the economy takes a sharp downturn.
AgCountry Farm Credit Services is also reducing interest rates on variable rate loans starting December 1. According to AgCountry President and CEO Marc Knisely, this move will help better position farmers during the current economic challenges. The decision comes following the announcement by the Federal Reserve.
Northarvest Bean Grower – Our Mission:
NHBGA, growers representing growers through the check-off system, is North America’s largest supplier of quality dry beans. Working together to better the industry through promotion, research, market development, education of consumers and monitoring of governmental policy. Our future goals must be continued market exposure and careful monitoring of new ideas, consumer choices, and producer needs.
50072 E. Lake Seven Road, Frazee, MN 56544