As a tax specialist with Farm Credit East's Financial Accounting Services (FAS) team, Phil helps agricultural businesses navigate everything from annual tax preparation and year-end planning to farm transitions and succession planning. While tax season is certainly a busy time, his work extends far beyond April deadlines.
Today’s Harvest Blog
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Earlier this month, Executive Order, Emergency Tax Relief on Diesel Fuel, was signed by the President with the purpose of deferring certain diesel fuel tax payment obligations and to provide penalty relief. As a result, the IRS acted and indicated it will not impose a penalty when dyed diesel fuel is sold for use or used on highways nationwide.
October 22, 2026
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Each year, your perennial crop insurance policy will renew by November 20. It is important to meet with your agent each year, prior to this date, to ensure accuracy and alignment in your risk management goals.
October 21, 2025
2025 marks the International Year of Cooperatives. Additionally, each October is observed as the national Co-Op month to recognize the value of people-centered businesses. Farm Credit East is proud to be a cooperative, collectively owned and operated by its customers. This cooperative ownership means customers have a voice in their cooperative through a customer-elected board of directors who are also customer owners.
October 16, 2025
October is Cybersecurity Awareness Month, a time when organizations across the country come together to promote safer online practices. At Farm Credit East, we take this opportunity to reaffirm our commitment to protecting your financial information and to highlight one of the most important tools available to do that: Multi-Factor Authentication (MFA).
October 14, 2025
As we embark on the 2025 grape harvest, those who insure their crop must be proactive in ensuring accurate production records and timely completion of appraisals. This year also brings some changes to crop insurance options, so it’s critical producers stay informed. This article provides tips and reminders on these important topics.
October 07, 2025