Crop Insurance News

PDA issued the following on Crop Insurance. Details: www.cropinsurancepa.com, 717/787-6901

  • Enrollment for the Dairy Margin Protection Program began July 1 and ends September 30.
    The program was established as part of the Farm Bill.
  • PDA will conduct an Early Riser on Crop Insurance August 19 at AG Progress Days.
  • The 15th Annual PA Crop Insurance Conference will be held in Harrisburg August 27.

Committees Move Ag Easement Bills

Riparian BufferOn May 6, two agricultural easement bills moved through committee:

  • The House Local Government Committee reported out House Bill 859 (Staats-R-Bucks) excluding from tax a transfer of a perpetual agricultural conservation easement as defined by the Agricultural Area Security Law.
  • The Senate Finance Committee reported Senate Bill 556 (McIlhinney-R-Bucks) which excludes from the Real Estate Transfer Tax a conservation easement in perpetuity having as its purpose preservation of open or agricultural land to the S., Commonwealth of PA, or to a 501( c)(3) organization which has as its purpose land preservation.

Budget Numbers (Still) Improving

budget paThe PA Revenue Department May 4 announced that collections in April exceeded expectations by $201 million.  This brings year-to-date revenues to $569.1 million above estimate.  This extra revenue was seen in Corporate Net Income Tax, Personal Property Tax, and Sales & Use Tax.  Two areas where revenues came in lower than anticipated were Real Estate Transfer Tax and cigarette/table games/liquor taxes.  This $569.1 million surplus may impact Budget negotiations between the Governor and General Assembly.

Other Senate Committee Agriculture Bill Updates

  • Senate Bill 720 sponsored by Aument (R-Lancaster) has been referred to the Senate Judiciary Committee.  It would provide protection from civil liability for owners and operators of agritainment activities. Agritainment is defined as “tourism-related, recreational or educational activities located on farms in Pennsylvania such as corn mazes, pick-your-own crop harvests, hay rides and farm vacations.”  Because many activities involved in the agritainment business are frequently not covered by customary farm liability policies, farmers face a number of challenges in securing adequate coverage and face liability risks when opening up their land to the public.
  • Inheritance Tax exemption for family farm estate plans resulting in the transfer of a farm to family members is the substance of Senate Bill 580 (Gordner-R-Columbia) as a “clarification of Act 85” according to the sponsorship memo.  SB 580 was reported out by the Senate Finance Committee and re-referred to the Senate Appropriations Committee.
  • Without passage of Senate Bill 756 (Schwank-D-Berks) or similar legislation, First Industries which provides loan guarantees for farm credit institutions will sunset July 15, 2015.  SB 756 is in the Senate Community & Economic Development Committee.
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