Across the country, dairy producers are seeing an unexpected bright spot in their bottom lines — record-high calf prices. In the past month, feeder cattle prices have reached record highs, with beef calf prices surpassing $1,600 per head. The growing beef-on-dairy trend has transformed calf sales into a meaningful revenue stream, adding $3.00 or more per hundredweight to many producers’ bottom lines.
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Maximizing Your Farm’s Bottom Line: Income and Expense Reporting
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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Business Tips and Tools
Proactive Strategies for Business Success: Tax planning early and often
When people think of taxes, they typically think of their annual return. However, to best manage tax liabilities and optimize tax credits, tax planning should be an ongoing process. Even more so, over the past few years, several states in the Northeast, namely New York, have unprecedented tax incentive programs for businesses.
August 12, 2025
Business Tips and Tools
One Big Beautiful Bill: Key Takeaways for Farmers
The One Big Beautiful Bill Act, signed into law in early July, is a comprehensive piece of legislation with significant implications for various sectors, including agriculture. Farm Credit East recently hosted a webinar on the agricultural provisions of the bill, highlighting the tax and crop insurance implications for Northeast agriculture. Following are the key takeaways from this webinar.
July 29, 2025
Business Tips and Tools
Grant Writing Success for New York Dairy Farmers
As the region celebrates Dairy Month this June, the New York agricultural community has even more reason to cheer: Governor Kathy Hochul recently announced that $21.6 million has been awarded to 103 farms through the Dairy Modernization Grant Program.
June 30, 2025
Business Tips and Tools
Staying Safe in Hot Weather
As the Northeast experiences more extreme weather, heat stress is a growing concern for farmers and farm workers. Because they spend significant time outdoors doing physically demanding work, this population is particularly vulnerable to heat-related health effects.
June 26, 2025
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