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The Tax Cuts and Jobs Act (TCJA) enacted in 2017 and in effect from 2018 – 2025 has had a substantial effect on itemizing deductions. The resulting changes have impacted the tax consequences of making charitable contributions, especially for senior citizens. A remedy to this can be to use Qualified Charitable Distributions (QCD) from an IRA account.

Farm Credit East is hosting GenerationNext seminars this fall and winter to help the next generation develop the necessary business and financial skills to manage a successful business. Anyone who would like to sharpen their management skills is encouraged to attend. Both in-person and virtual sessions are offered.

In the wake of Hurricane Debby, Governor Kathy Hochul announced a comprehensive emergency assistance program to support homeowners in Allegany, Delaware, Franklin, Steuben and St. Lawrence counties. This initiative, spearheaded by New York Homes and Community Renewal (HCR), aims to provide critical repairs and financial support to those affected by the storm.

This month's Knowledge Exchange Partner article, written by two CoBank Lead Economists, Tanner Ehmke and Jacqui Fatka, explores the latest insights on U.S. grain and biofuel markets. With record soybean and corn harvests, profitable storage options, and recovering export demand, the landscape is shifting. Learn how ethanol production and renewable diesel demand are driving the market, despite challenges from trade policies and global competition. Dive into the complexities of supply, demand, and policy in this comprehensive outlook.

Agriculture, commercial fishing and forestry have been iconic industries for the Northeast since colonial times, when they formed the backbone of the economy. Today, these industries do more than just provide food, fiber, building materials, ornamentals and other goods — they are economic engines in their communities, providing jobs and financial impacts.

This report illustrates the importance of agriculture, commercial fishing, forest products and food manufacturing to the Northeast economy.

Beginning July 1, 2024, Vermont employers and self-employed individuals will begin making contributions composed of a 0.44% payroll tax on wages and a 0.11% self-employment income tax to the Vermont Department of Taxes for deposit into the Child Care Contribution (CCC) Special Fund.

2020 has not been without its challenges for those in agricultural retail. However, this year has also brought new opportunities to business owners resulting from increased demand and unique service options, including curbside pickup and delivery.

As 2020 — and with it the traditionally busy holiday season — comes to a close, how have Northeast farmers, producers and growers fared? How has COVID-19 impacted sales and the customer experience? Take a look at a few key holiday staple items and how COVID-19 has impacted their sales.

Farm Credit East business consultants give their top tips for managing your ag retail businesses in this inflationary environment in today's blog, Finding Opportunities in your Ag Retail Businesses amidst Inflation.