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Hey farmers, have you heard of ERP-2?
ERP Phase 2 is a tax-year-based certification program that provides assistance for producers who suffered a loss in revenue due to necessary expenses associated with loss of eligible crops due to a disaster event. If your enterprise suffered a loss in 2020 or 2021, you may be eligible for the ERP-2 program. We know how hard it can be for small and medium sized farmers to bounce back from loss like this. We also know how hard it can be to get an overdraft from a bank or loan. This program was put into place to help farmers like you to rebuild their farm to pay for resources and labor. The enrollment deadline has been extended to July 14, 2023. Make sure to apply before then to take advantage of this program! And if you need help with the application process, send us a message. We’ll be there to help every step of the way. Curious if you’re eligible to apply for the ERP-2 Relief Program?
We’re breaking it all down for you right here. The ERP-2 is a tax-year-based certification program that provides assistance for producers who suffered a loss in revenue due to necessary expenses associated with losses of eligible crops due to disaster events that occurred in 2020 or 2021. Keep reading to see if you’re eligible ⬇️ 🌾 You’re a farmer 🌾 You suffered a loss in 2020 or 2021 🌾 You’re a US citizen, resident alien, a corporation, an LLC or some other organizational structure, an Indian Tribe or Tribal Organization 🌾 You have sales receipts and/or Profit or Loss tax documents for your Farm If this is you and you’re ready to apply for the program, don’t wait! The deadline to apply is June 2, 2023. Send us a message or call 954-434-8220 and we’ll help you every step of the way. Are you a farmer who’s interested in the ERP-2 program, but you’re not sure how to apply?
Read this, we’ll walk you through it. Here at NSI, we understand how intimidating it can be to go down to the FSA Office to apply, but it doesn’t have to be a difficult process. The ERP-2 is a tax-year-based certification program that provides assistance for producers who suffered a loss in revenue due to necessary expenses associated with losses of eligible crops due to disaster events that occurred in 2020 or 2021. Here’s what you need in order to apply: ➡️ Supporting documentation used to create IRS Schedule F ➡️ Profit or Loss from Farming ➡️ A copy of the FSA-1099G for the selected benchmark and disaster years (You can use your 2018/2019 taxes as the benchmark year(s) and use 2020/2021 taxes as the disaster years). You have until June 2, 2023 to apply. Wish someone could walk you through the process? Send us a message and we’ll be there to help every step of the way. |
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