Crop Insurance Rules that Affect Farm Taxes

Are you aware of the rules around how crop insurance indemnity payments affect your farm's taxes? It differs based on whether you received the payment due to production losses or revenue loss. Matt Hoxmeier, an Ag Risk Advisor with Water Street Solutions, shares these rules and how they apply to farms. He also shares some ideas to help you get ready for tax planning time - and a list of what you'll want to have ready.

Learn more about the Water Street EDGE farm business seminars Matt mentions.