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Important Tax Law Changes for Northeast Agriculture in the CARES Act

March 30, 2020

While guidance and legislation continue to come from all sides, the House of Representatives — following the Senate’s lead — passed the Coronavirus Aid, Relief and Economic Security Act and the legislation has been signed by President Trump. The purpose of this post is to highlight the current legislation’s tax implications and their relevance to Northeast agriculture and customers of Farm Credit East.

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  • Fraud and Security Information Program

    With theft, fraud and identify theft become increasingly prevalent threats, Farm Credit East holds the security of our customers’ data as a top priority, using industry-leading best practices to ensure that your account information stays secure. You can better protect yourself by recognizing, preventing and reporting fraudulent activity and by understanding and implementing the tips, policies and procedures outlined in the Fraud Information Center, provided by CoBank, our valued partner and funding bank.

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Knowledge Exchange

Webinars

Paycheck Protection Program (2pm): Insight into program basics and how your business may qualify

A cornerstone provision of the CARES Act is the Paycheck Protection Program, a forgivable loan program administered by the Small Business Administration, to provide loans to businesses impacted by the current state of the economy. Join Farm Credit East on Monday, April 6 at 2pm to learn the basics of the program, what size loan you may qualify for and how this program could assist your ag businesses with near-term payroll expenses.

This is the second of two, identical webinars discussing the Paycheck Protection Program. If you are unable to join, a webinar recording will be posted on Tuesday, April 7, 2020.

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