For dairy farmers in the Northeast, profitability depends on factors outside their control. Milk prices fluctuate while production costs continue to rise. When milk prices fall below the cost of production, the financial pressure can be considerable and, ultimately, create the conditions that lead to dairy farm exits.
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Trump Accounts officially kicked off July 4, 2026, offering a new way to save for a child’s future. A Trump Account is a traditional IRA with specific rules that enable families to start saving and investing for a child early with greater flexibility than a standard retirement account. Any child under age 18 with a Social Security number is eligible for a Trump Account.
July 28, 2026
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Effective with the 2026 crop year, USDA has updated payment limitations and eligibility rules. This change modernizes how benefits are calculated and who qualifies, providing more flexibility for today’s farm operations.
June 30, 2026
Northeast farms innovate every day—and some of that experimentation may qualify for the federal Research & Development tax credit. Using a recent U.S. Tax Court case, we shed some light on how the credit works, what expenses may count, and why strong, documentation can make or break a claim.
April 22, 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
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