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.
Farm tractor in a field during the fall harvest

Latest From Today's Harvest Blog

Business Tips and Tools

Crop Insurance: When and How to File a Claim

Daniele Ricci

Crop insurance is one of the most important tools you can have in your proverbial “toolbox.” There are many types of policies that can be tailored to your operation and what you’re growing. Crop insurance can provide coverage on a variety of naturally occurring peril. And when one of these perils occurs, you need to know how and when to file a claim.

September 27, 2022

close up of green stalks of young corn plants in a field with cracked wet soil

Latest Tax Talk

Tax Talks
Tax Strategies for 2022: Tax Planning for Cash Basis Reporting

In the last Tax Talks, “Tax Strategies for 2022: Understanding Your Tax Liability,” we began to understand the importance of record keeping and tax planning early in the year. In today’s blog, we’ll continue to build upon that foundation as we discuss tax planning for cash basis reporting.

 

September 7, 2022

Today's Harvest Blog

Tax Talks
Tax Strategies for 2022: Understanding Your Tax Liability

Have you started tax planning for 2022? First and foremost, you need to have a good record keeping system in place to accurately detail your farm income and expenses. If you wait until the dark, cold months of January and February to do your books for the year when there isn’t much else going on, you’re not going to have the opportunity to accurately tax plan. 

September 01, 2022

Tax Talks
Possible Changes to New York’s Forest Tax Law Assessment

In today's Tax Talk, Farm Credit East's Dario Arezzo examines the New York State Department of Environmental Conservation (DEC) proposal to amend regulations relating to the Forest Tax Law program. This program provides landowners a reduction in real property taxes on their enrolled forest lands if certain conditions are met.

July 26, 2022

Tax Talks
2022: The Last Year of 100% Bonus Depreciation
Most farmers are familiar with section 179 and bonus depreciation. Essentially, both of these tools allow additional deductions up-front on an asset. In today's Tax Talks, Senior Tax Consultant, Dario Arezzo examines the differences in the two tax planning strategies, and upcoming changes.

June 02, 2022

Tax Talks
Farmers Find Relief in New York State Budget
New York Governor Kathy Hochul approved the Fiscal Year 2023 budget, which included some key tax provisions for the state’s farmers. In today's Tax Talk, Senior Tax Consultant, Dario Arezzo goes over three tax credits included in the 2023 budget.

April 26, 2022

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