As a tax specialist with Farm Credit East's Financial Accounting Services (FAS) team, Phil helps agricultural businesses navigate everything from annual tax preparation and year-end planning to farm transitions and succession planning. While tax season is certainly a busy time, his work extends far beyond April deadlines.
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 Tax Talk
Tax Talks
Update: Diesel Fuel Tax Provisions
Earlier this month, Executive Order, Emergency Tax Relief on Diesel Fuel, was signed by the President with the purpose of deferring certain diesel fuel tax payment obligations and to provide penalty relief. As a result, the IRS acted and indicated it will not impose a penalty when dyed diesel fuel is sold for use or used on highways nationwide.
October 22, 2026
Today's Harvest Blog
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Ag Economy
4 Key Strategies Grain Producers Need to Navigate 2026’s Tight Margins
Farm Credit East recently hosted CoBank Lead Economists, Tanner Ehmke and Jacqui Fatka, for the 2026 Grain and Biofuel Industry Outlook Webinar. With a high supply of corn, soybeans and wheat globally, producers are seeing tight margins and continued pressure. Read on for key strategies producers should keep in mind going into 2026.
February 06, 2026
Crop Insurance
Protecting your Perennial Crop Guarantee: Navigating increased restrictions in 2026
After perennial growers submit their crop year production and acreage changes, many assume crop insurance is set until a weather event occurs. However, as records are processed, a unit may be flagged by the Risk Management Agency (RMA) as having a yield variance. If left unaddressed, these flags can affect a unit’s production guarantee at claim time. Beginning with the 2026 crop year, this process has become more restrictive.
February 03, 2026
Tax Talks
No Tax on Overtime: What Farm Employees Need to Know
Many farm workers are hearing about the new “No Tax on Overtime” federal income tax deduction and wondering whether they qualify. With the 2025 tax filing season about to open, this article breaks down the key points so you can understand whether your overtime pay might be eligible for this deduction.
January 28, 2026
Business Tips and Tools
Data Privacy: Protecting Your Personal and Professional Lives
As more parts of daily farm and business life move online, the information you rely on — financial records, personal data, operational details, etc. — has become more valuable than ever. Protecting your information isn’t just a technical task. It’s part of safeguarding your business, your family and your peace of mind.
January 25, 2026
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