Ag Industry Trends & Outlooks

The Agricultural Resiliency Against Tariffs Program was recently appropriated $30 million to provide payments directly to agricultural producers. These payments range from $1,000 to $25,000 per entity. Timing is of the essence as there is an application process that has been extended, but only through August 18.

Following three-months of delays, the New York State legislature has passed the Fiscal Year 2026-2027 (FY 26-27) budget. The final budget, signed into law by Gov. Kathy Hocul, includes many provisions relevant to our farm and agribusiness customers. The following are a few highlights of the recently passed legislation. 

Rising tensions in the Middle East are pushing fuel and fertilizer costs higher, creating fresh uncertainty for farmers and agribusinesses. This month's Knowledge Exchange Partner discusses how global supply disruptions, delayed shipping recovery and tighter input supplies could affect prices, margins, cash flow and planning decisions through 2026 and beyond.

Filing farm taxes doesn’t have to be confusing. The IRS requires you to report all income unless specifically excluded, and only deduct expenses that are both ordinary—common in farming—and necessary—helpful for your business. Understanding these basics can save you time and stress.