Home > News > Significant Crop Insurance Loss Claims Expected for 2021

Corn stalks damaged by droughtBetween hot temperatures and little moisture, many north central states are expecting an uptick in crop insurance loss claims for the 2021 growing season. Farmers and ranchers have several taxation options to select from when filing a claim, especially if a damage claim is received. If this is the case, producers have an option to defer the taxation of the income until the following year. However, it is important to determine if it’s the right option for your operation. Read more on the requirements for a deferral here.


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