The dairy industry continues to face a highly volatile environment. Milk prices, feed costs, global demand shifts and weather variability all contribute to uncertainty in farm revenue. While risk is unavoidable, how producers manage that risk can have a meaningful impact on long‑term profitability and financial stability.
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Tax Talks
Revisiting the NYS Farm Employer Overtime Credit for 2026
In this update, we share key 2026 changes to New York’s Farm Employer Overtime Credit, including expanded eligible overtime hours, shifting thresholds, and new certification requirements for all farm employers. We also highlight reminders on payroll adjustments and advance payment options to help farmers stay compliant and prepared for the season ahead.
March 31, 2026
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Tax Talks
Maximizing Your Farm’s Bottom Line: Income and Expense Reporting
Filing farm taxes doesn’t have to be confusing. The IRS requires you to report all income unless specifically excluded, and only deduct expenses that are both ordinary—common in farming—and necessary—helpful for your business. Understanding these basics can save you time and stress.
October 27, 2025
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
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 09, 2025
Tax Talks
One Big Beautiful Bill’s Impact on Northeast Agriculture: Individual Tax Changes
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 08, 2025
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