Ag Industry Trends & Outlooks

Effective with the 2026 crop year, USDA has updated payment limitations and eligibility rules. This change modernizes how benefits are calculated and who qualifies, providing more flexibility for today’s farm operations. 

Following three-months of delays, the New York State legislature has passed the Fiscal Year 2026-2027 (FY 26-27) budget. The final budget, signed into law by Gov. Kathy Hocul, includes many provisions relevant to our farm and agribusiness customers. The following are a few highlights of the recently passed legislation. 

If you’re a commercial fisherman planning to build, buy, lease or rebuild a vessel, the Capital Construction Fund (CCF) can be one of the most powerful tax planning tools available to you. The CCF lets you set aside income today, defer federal income tax and use that money later to invest in your fishing business. Let’s discuss the details of this program.

Northeast farms innovate every day—and some of that experimentation may qualify for the federal Research & Development tax credit. Using a recent U.S. Tax Court case, we shed some light on how the credit works, what expenses may count, and why strong, documentation can make or break a claim.