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

Significant Crop Insurance Loss Claims Expected for 2021

Posted September 8, 2021
in Top Ag News and Crop Insurance

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.

Subscribe

Be among the first to learn about the ever-changing crop insurance industry by subscribing to the ProAgMessaging system.
Subscribe

Featured

  1. Tips for Mitigating Heat Stress in Cattle
    June 23, 2022
  2. Experts Weigh If It’s Time to Cash In On Abnormally High Basis Prices
    June 27, 2022
  3. Flash Droughts Possible Amidst High Heat, No Rain
    June 27, 2022
  4. Farmers Face Record Chemical Shortages, Are Using Alternative Methods
    June 28, 2022
  5. Summer Berries to be Plentiful, High Quality Despite Adverse Weather
    June 24, 2022