Taxpayer is a farmer on the cash basis.  His neighbor's fire destroyed several acres of his unharvested corn crop.   The corn would normally have been sold in 2021.  Insurance reimbursed the taxpayer in 2020 for the value of the crop.  

Can this income from the insurance company be deferred until 2021?   I think in a federally decalared disaster area the answer is yes.   I do not find much reference to it in a normal setting.

Opinions???   

Thank you --  Glenda