Today’s Harvest Blog

Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
Farm tractor in a field during the fall harvest

Latest From Today's Harvest Blog

Crop Insurance

Protect Your Harvest from the Fury of Hail with Crop Growers Crop Insurance

Jeremy Forrett

Crop Growers, the insurance provider of Farm Credit East, provides coverage for reduced quality and production of crops resulting from hail events, giving acre-by-acre protection that can cover up to the full value of the crop.

May 8, 2024

Supercell storm clouds with hail and rain over agriculture field

Latest Tax Talk

Adult male farmer sitting on open trunkbed in a crop field using a laptop
Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny

In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.

April 11, 2024

Today's Harvest Blog

agriculture field of mowed dry hay in fall with close up of round bale of hale, trees in background have multi colored leaves
Business Tips and Tools
Pasture, Rangeland, and Forage Insurance Policy – Winter Precipitation Affecting a Summer Crop?

Pasture, Rangeland, and Forage (PRF) is a highly subsidized risk management plan geared toward hay producers or those producing hay for grass fed cattle. Did you know that snowfall creates the water table for the following growing season. If there is less snowfall than the past 50+ years’ average, there will be less water, and your PRF policy could pay you an indemnity.

November 14, 2022

Farm Credit East Gives Thanks
Farm Credit
The Farm Credit East Team Gives Thanks

‘Tis the season to give thanks!

As we approach Thanksgiving and the holiday season, we asked some of our teammates to reflect on what they’re grateful for. I think you’ll notice some common themes, from family, friends and coworkers to the great agricultural community we serve every day. Read on for their responses. 

November 08, 2022

Close up of red and green apples in various medium baskets
Business Tips and Tools
How Does Apple Insurance Protect Quality?

Pick-your-own apple orchards are familiar with wasted apples. Customers may take a bite of a few apples while picking or toss a few on the ground during their stay. While crop insurance doesn’t cover these unfortunate losses, it can help with apple quality before the masses visit the orchard. 

October 31, 2022

rectangular word bubble outlined in green on a grey background with the word Tax inside the bubble and the word Talks, under the bubble
Tax Talks
Employee Retention Credit and Supply Chain Disruptions

The Employee Retention Credit (ERC) is a refundable tax credit that taxpayers could obtain by meeting a quantitative test for either a decline in revenues, or because their business was shut down wholly or partially due to a governmental order. This shutdown test includes “supply chain disruptions.” Today’s Tax Talk considers how the IRS views a supply chain disruption.

October 25, 2022

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