Extra Year for “Prairie Pothole States”
Normally, the prevented planting coverage insurance requires one crop in the last three years. In these states, for many farmers, the last crop they had was in 2008. Thus, under the old rules, these farmers would have been unable to get this coverage next year.
However, USDA has changed the rules for these states to use one crop in the last four years instead of three years which will allow many farmers to use the 2008 crop year.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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