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.
Today’s Harvest Blog
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Tax Talks
Tax Considerations for Crop Insurance Indemnities
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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Public Policy
USDA Issues its Final Decision for Changes to the Federal Milk Marketing Orders
USDA’s Agricultural Marketing Service (AMS) released its final decision for changes to the Federal Milk Marketing Orders (FMMOs) on November 12. Now producers, and their coops have to vote to approve (or reject) these changes.
December 31, 2024
Tax Talks
BOI Enforcement Again Halted
On Thursday December 26, 2024, the Fifth Circuit Court of Appeals reinstated a lower court’s halt on the enforcement of Beneficial Ownership Information (BOI) reporting. This latest ruling reverses the order for the same court earlier in the week.
December 30, 2024
Business Tips and Tools
Changes to Connecticut Paid Sick Leave
Employers in Connecticut with 50 or more employees in specific sectors are required to have paid sick leave. Effective January 1, 2025, employers with at least 25 employees will be required to offer paid sick leave.
December 27, 2024
Tax Talks
BOI Enforcement Resumes with Deadline Extension
On December 23, 2024, the Fifth Circuit Court of Appeals reinstated the obligation of reporting companies to file their Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN).
December 26, 2024
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