The Federal Crop Insurance Corporation (FCIC) has announced sweeping changes to federal crop insurance policies, effective for the 2026 and succeeding crop years. These updates, known as the Expanding Access to Risk Protection (EARP) Final Rule, are designed to modernize the farm safety net, reduce regulatory burdens, and expand coverage options for producers across the country.
Today’s Harvest Blog
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Filing farm taxes doesn’t have to be confusing. The IRS requires you to report all income unless specifically excluded, and only deduct expenses that are both ordinary—common in farming—and necessary—helpful for your business. Understanding these basics can save you time and stress.
October 27, 2025
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Today, we continue the conversation about the New York Farm Overtime Credit by looking at helpful tips and potential pitfalls employers need to understand as they get ready for January 1, 2024.
December 29, 2023
As we look at applicable provisions for the 2023 tax year, two credits we get the most questions about as farm tax preparers are the Solar Energy Property Credit and the Clean Vehicle Energy Credit. Here we focus on these two credits, but also touch on other energy property credits to consider as you ready your 2023 year-end materials for your tax preparer.
December 27, 2023
With 2024 around the corner, New York state farmers need to begin thinking about the Farm Overtime Credit that will provide a refund for hours worked between the thresholds set by the state and 60 hours.
December 05, 2023
In November 2022, Massachusetts voters approved an amendment to the Massachusetts Constitution to impose an additional 4% surtax on the portion of a taxpayer’s taxable income that exceeds $1 million. Shortly after, seven other states introduced their own legislation targeting high-income earners including Connecticut and New York. Here are the details to help your tax planning.
October 31, 2023