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

Financial Management

Vermont Child Care Credit – What You Need to Know

Farm Credit East Knowledge Exchange

Beginning July 1, 2024, Vermont employers and self-employed individuals will begin making contributions composed of a 0.44% payroll tax on wages and a 0.11% self-employment income tax to the Vermont Department of Taxes for deposit into the Child Care Contribution (CCC) Special Fund.

July 18, 2024

Business owner with financial paperwork doing calculations

Latest Tax Talk

side profile view of employee business woman wearing casual shirt sitting working at office desk with laptop pc computer indoors sign documents writing something
Tax Talks
Important Update Regarding Life Insurance Redemptions

In April, we discussed that the Supreme Court was hearing arguments in the Connelly v U.S. case regarding life insurance proceeds. With this case now decided, it will be important for individuals and small businesses owning life insurance to fund buy/sell agreements to include a review of these policies.

July 5, 2024

Today's Harvest Blog

Close up view of harvested yellow apples in large open top storage bins in apple orchard.
Crop Insurance
Risk Management Agency Develops New Policy for Apple Producers

The Risk Management Agency’s (RMA) Apple Crop Insurance Policy has become a mainstay of risk management in the United States apple industry. The working relationship between apple producers and RMA has resulted in a program that met most of the industry’s needs. 

October 02, 2023

Woman farmer using a laptop in crop field in front of a tractor. Tax Talk logo in bottom righ corner.
Tax Talks
Defining Pass Through Entity Tax

In 2017, the Tax Cuts and Jobs act was passed, putting a $10,000 limit on the amount of state and local tax that can be deducted on an individual's tax returns. For high income taxpayers that also pay a significant amount of property taxes, they quickly get to this $10,000 cap. For taxpayers who own pass thru entities such as partnerships and S-Corps, there is a potential way around this cap. This work around is called the Pass-Through Entity Tax.

September 29, 2023

rainbow chard
Crop Insurance
Whole Farm Revenue and Micro Farm Crop Insurance is Worth Another Look

Many farmers think of crop insurance as only relevant for large row-crop growers. But if you’re a diversified farm, there are new options that are worth another look, particularly in light of recurring natural disasters that have been hitting the region.

September 25, 2023

A man driving large green tractor with a plow driving through  a field of turned soil and some snow covering
Business Tips and Tools
Safety On The Farm: Take It Seriously!

Farming remains one of the most dangerous occupations in the country. Accidents can, and do, happen all the time. It’s important to implement preventative precautions and to be prepared if the worst case scenario happens. 

September 19, 2023

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