2023 was a challenging year for wood products markets. Rising interest rates hampered demand while capacity ramped up across the south. Paul Jannke, a forest industry expert with Forest Economic Advisors (FEA), recently presented his perspective on the region’s forest product markets and economic outlook.
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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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
FarmStart and Beginning Farmers
Investing in New Ag Producers from all Walks of Life
FarmStart, a partnership between Farm Credit East and CoBank, supports individuals looking to launch businesses in farming, fishing and forestry in the Northeastern U.S. This mission-related investment program helps Young, Beginning and Small farmers overcome some of their challenges and barriers to entry.
April 18, 2023
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