Ag Industry Trends & Outlooks

When people think of taxes, they typically think of their annual return. However, to best manage tax liabilities and optimize tax credits, tax planning should be an ongoing process. Even more so, over the past few years, several states in the Northeast, namely New York, have unprecedented tax incentive programs for businesses. 

The recently passed One Big Beautiful Bill marks a pivotal moment for risk management in American agriculture. Among the most farmer-friendly changes is the overhaul of the Whole Farm Revenue Protection (WFRP) program — an insurance policy designed to provide a safety net for diversified farms based on their historic revenue. 

This month’s Knowledge Exchange Partner features a collection of Industry Snapshots curated by Chris Laughton, Director of Knowledge Exchange at Farm Credit East. Alongside an overview of the national economy, the report covers key sectors of the Northeast farm economy, including dairy, timber and forest products, cash field crops, livestock, fruit, vegetables, greenhouse production, and fishing.

This report includes funding opportunities available in the eight states served by Farm Credit East: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont. Please note that as grant programs often change, this list should not be viewed as a comprehensive compilation of all grant opportunities.