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

Crop Insurance

Protect Your Hay Production with Pasture, Rangeland and Forage Crop Insurance

Crop Growers Crop Insurance

Are you a livestock or hay producer concerned about unpredictable weather affecting your forage production? Pasture, Rangeland, and Forage (PRF) insurance is an important risk management tool to protect your operation from insufficient precipitation (rainfall, snow, etc.), offering flexible coverage levels and automatic claims processing.

August 26, 2025

Round hay bale in harvested agriculture field

Latest Tax Talk

Two farmers walking in a crop field at sunset while looking at a tablet.
Tax Talks
Choice of Entity Structure for your Farm Business

When starting a new business, there are many challenges and considerations. While entity selection and structure may not be at the forefront for an entrepreneur, making an informed decision early can allow the focus to remain on the business operations and enable a smooth initial tax filing. Let’s examine some key structural considerations and tax implications. 

August 29, 2025

Today's Harvest Blog

Tag: consulting 
Caucasian man farmer standing in field with tablet device in hands and showing something to woman on screen.
Business Tips and Tools
Proactive Strategies for Business Success: Preparing your business for the long term

If retirement is on the horizon, the sooner you can start thinking about succession planning, the better. Whether your plan is to transition your business to the next generation or a non-family successor, you should be speaking to a consultant or advisor on how to make it a smooth transition. 

 

June 11, 2025

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 05, 2024

Adult male farmer sitting on open trunkbed in a crop field using a laptop
Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny

In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.

April 11, 2024

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