2023 had surprising results after a seemingly poor growing season. U.S. farmers are currently facing increasing export competition in a declining price environment. What will this mean for producer margins in 2024?
Today’s Harvest Blog
Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
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Latest Tax Talk
Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny
In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.
April 11, 2024
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Business Tips and Tools
Farm Stress, Mental Health, and Mediation and Conflict Resolution-Key Resources for the Agriculture Community
May is Mental Health Awareness Month. To raise awareness around the importance of dealing with issues impacting mental health — from stress to conflict — following are helpful resources available in each Northeast state.
May 16, 2023
Crop Insurance
Crop-Hail Coverage: Providing Peace of Mind in the Middle of the Storm
Hail can be a true catastrophe for agricultural businesses. The damage caused by hailstones can destroy a portion of a crop and result in significant financial losses for farmers. Crop-hail insurance is an essential tool for managing this risk.
May 09, 2023
Tax Talks
The Tax Code and Residual Soil Fertility
Recently, an old tax concept began to resurface. Farmers are asking whether they can write off residual fertilizer in the purchase of farmland. Most farmers realize, the purchase of farmland is nondeductible and thus finding deductions during the purchase of farmland can be beneficial to help cash flow the purchase.
May 01, 2023
Farm Credit
The ‘Who’s Who’ of Country Living Loans
Having a great team to get your home or property purchase to the closing desk is important, but sometimes the many names and roles they play can be confusing. With that in mind, here is a quick guide to all the great individuals you will meet along the way to owning your dream property!
April 27, 2023
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