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 From Today's Harvest Blog

Tax Talks

One Big Beautiful Bill’s Impact on Northeast Agriculture: Individual Tax Changes

Dario Arezzo

President Trump signed the One Big Beautiful Bill (OBBB) into law over the July 4th holiday. In addition to the extension of the current individual tax rates, today’s blog, the second in a multi-part series will focus on some of the key individual provisions.

July 8, 2025

A close-up view of a pair of eyeglasses on a piece of paper magnifying the words One Big Beautiful Bill

Latest Tax Talk

Low angle view of the east entrance to United States Capitol building in Washington DC with marble dome and stairs
Tax Talks
One Big Beautiful Bill’s Impact on Northeast Agriculture: Agricultural Changes

President Trump signed the One Big Beautiful Bill (OBBB) into law over the July 4th holiday. We have already covered business tax changes and individual tax changes, and today, we’ll highlight some of the most pertinent non-tax provisions impacting agriculture.

July 9, 2025

Today's Harvest Blog

Young woman working on a lap top computer standing in an agriculture field in front of a tractor. Tax Talk logo is in the lower right hand corner.
Tax Talks
New York Farmers and Refundable Investment Tax Credit

The recently enacted New York State budget makes the Investment Tax Credit (ITC) fully refundable for eligible farmers who derive more than two-thirds of their gross income from farming. This provision will be in place through 2027 and will greatly benefit eligible farmers in New York State. Today’s post provides a high-level overview of the ITC.

May 29, 2023

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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

Three adults walking through farm pasture at sunset in silhouette with Farm Credit East Financial Services 50 year logo on right hand side
Tax Talks
Celebrating 50 Years of Providing High Value Financials Services to Northeast Agriculture

Farm Credit East is proud to be the Northeast’s premier financial services provider, serving the needs of over 18,000 producers involved in farming, fishing, forestry and agribusinesses. 2023 marks the 50th anniversary of Farm Credit East’s financial services offerings. 

March 28, 2023

rectangular word bubble outlined in green on a grey background with the word Tax inside the bubble and the word Talks, under the bubble
Tax Talks
Northeast States Budget Season Update

It’s that time of the year when state governments across the Northeast are crafting up budgets for their respective states. As always, we keep an eye out for important items that may positively impact farmers. Two recent highlights are from New York and Massachusetts.

March 02, 2023

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