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.
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Latest From Today's Harvest Blog

Public Policy

2024 Farm Bill Update

Tom Cosgrove

The Farm Bill has been bogged down since the Fall while Congress has battled over funding the government. Given it’s an election year, Congressional leaders have acknowledged if the Farm Bill isn’t passed by mid-year, it will likely be extended for another year leaving it for the next Congress to complete. Several Farm Credit backed proposals have been introduced this Congress that would allow Farm Credit to lean into meeting the capital needs of rural America. The intent is for these “marker bills” to be included in the Farm Bill. Here is a summary of four of them.

April 9, 2024

Capital building with farm field background

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

Tag: expenses 
looking up from the ground at a man with baseball cap on standing in cornfield working on a digital tablet,
Business Tips and Tools
Understanding your Cost of Production

Risk management is the name of the game. If you know your Cost of Production (COP), your risk management strategy can set you up to preserve three things: liquidity, equity for future investments and equity for retirement. 

February 06, 2023

Business Tips and Tools
Tips for Managing your Business in an Inflationary Environment

Topping news headlines is inflation and its impact on the U.S. economy. As measured by the Consumer Price Index, inflation is currently running in the 8% range and prices are rising at a rate we haven’t seen since the early 1980s. Learn strategies for producers to manage through the current inflationary environment. 

July 19, 2022

Business Tips and Tools
Will That Purchase Pay For Itself?

Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, examines how to prioritize capital investments using a variety of strategies, including partial budgeting, 

June 07, 2022

Business Tips and Tools
Setting Up Your Spring Crop Insurance Policy: Revenue Protection Vs. Yield Protection
As the March 15 deadline to finalize risk management plans for the year approaches, producers are faced with an important decision: revenue vs. yield protection. Daniele Ricci, Crop Growers LLP, gives an overview of the policies, and how to determine the right protection for your operation.

February 22, 2022

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