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.
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Many parts of the Northeast have faced a challenging planting season with wet weather and cool temperatures; now as summer kicks off, many are seeing significant stretches of above average temperatures. Given these recent extremes in weather conditions, a review of the tax implications of various crop insurance programs is warranted.
July 2, 2025
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Farm Credit East is proud to be the Northeast’s premier financial services provider, serving the needs of over 18,000 producers involved in farming, fishing, forestry and agribusinesses. 2023 marks the 50th anniversary of Farm Credit East’s financial services offerings.
March 28, 2023
It’s that time of the year when state governments across the Northeast are crafting up budgets for their respective states. As always, we keep an eye out for important items that may positively impact farmers. Two recent highlights are from New York and Massachusetts.
March 02, 2023
Emergency Relief Program (ERP) phase one closed on December 16, 2022. Phase two opened on January 23rd and runs through June 2, 2023. The funds appropriated by Congress will be distributed through the Emergency Livestock Relief Program (ELRP) and the ERP. Regarding ELRP, the Farm Service Agency will release more information once they have finished its analysis on the 2021 drought and wildfire impacts on livestock producers.
January 30, 2023
As for tax updates, year-end 2022 is as good as any of the last few years. Some years we’re left dealing with changes that occur in January that are retroactive. This year, there are some last-minute things that are mostly good news. Here are the highlights.
December 26, 2022