Today’s Harvest Blog

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. 

The recently passed One Big Beautiful Bill marks a pivotal moment for risk management in American agriculture. Among the most farmer-friendly changes is the overhaul of the Whole Farm Revenue Protection (WFRP) program — an insurance policy designed to provide a safety net for diversified farms based on their historic revenue. 

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. 

This summer Farm Credit East hosted 16 bright students for our summer internship program in six marketplaces across the association. The interns worked on a variety of projects as well as spend time out on the farm touring and job shadowing. Immersing themselves in many aspects of Northeast agriculture.