The USDA made an announcement that may impact you, Click Here to view the USDA release. It pertains to your ability to now hay or graze cover crops on Prevented Plant acres as of September 1 as compared to the previous date of November 1. Another exception granted with today’s announcement is the insureds ability…
Succession Planning – Leaving Your Legacy
June 18, 2019 by
In the business cycle, it’s never too early to think about planning for retirement and the next generation joining or taking over the family farm. With all the different aspects that could be involved in your operation (land, machinery, livestock), succession planning is not an easy task and it will take some time to think…
Prevented Plant Vs Late Plant. What you need to know
June 11, 2019 by
This spring was certainly a challenge and things didn’t go as smooth as we had hoped. However, there is a lot left to the growing season and hopefully Mother Nature will be more compliant than she has been the last couple of years. As far as crop insurance is concerned, the final planting date for…
Motorized Kids Toys Insurance Implications to Consider
June 11, 2019 by
When purchasing an all-terrain vehicle (ATV), it’s probably obvious to you by their size and functionality that there is a liability risk involved and making sure you have the appropriate insurance coverage is top-of-mind. However, does that same thought cross your mind when purchasing smaller, less obvious, “vehicles”, such as a motorized kid’s car or…
Prevented Plant Meetings held this week
May 31, 2019 by
With this challenging spring weather, it’s important for you to analyze your options of planting late versus prevent plant. Like many others, Farmward and AgQuest Insurance held meetings this week and talked about what to expect with late planting and early maturity seed hybrids, how Prevented Plant will affect your marketing plan and what…
The Importance of Having Good Financial Information
March 11, 2019 by
In the current ag environment managing your farm properly is imperative. Being a good farm manager starts with knowing your cost of production, breakevens and cash flow. Most of this can all be easily analyzed with good record keeping. Managing your risk is also important and starts by putting a good grain marketing plan in…
Understanding Your Risks in Operating a Drone
March 11, 2019 by
AgQuest/MN River Insurance agent Tim Lewis attended the IRMI Emmett J Vaughan Agribusiness Conference in Des Moines, Iowa last fall. The IRMI conference helps our agents gain a deeper understanding of topics that are impactful in the farming industry so they can bring that knowledge back to our customers. It is also one of the…
AFIS Certified Is More Than Just A Title
March 11, 2019 by
In a world where having an acronym behind your name has gotten more and more common, why should the classification of AFIS be important when searching out your insurance needs? As an Agribusiness and Farm Insurance Specialist (AFIS®), AgQuest/Minnesota River Insurance agents, Tim Lewis and Amber Weber, have specialized expertise in agribusiness and farm insurance…
Crop Insurance Deadline Nearing
March 11, 2019 by
March 15th is the deadline to purchase your crop insurance for the 2019 crop year. During this brief period, you will need to update any entity changes ? going from individual to a Corporation, LLC or Partnership, etc. Some of the things to go over as you finalize your crop insurance decisions for the 2019…
IRS waives estimated tax penalty for farmers, fishermen who file returns and pay tax by April 15
February 28, 2019 by
IRS News Release: IR-2019-28 WASHINGTON — The Internal Revenue Service will waive the estimated tax penalty for any qualifying farmer or fisherman who files his or her 2018 federal income tax return and pays any tax due by Monday, April 15, 2019. The deadline is Wednesday, April 17, 2019, for taxpayers residing in Maine or…
