On April 17, the USDA unveiled details of the Coronavirus Food Assistance Program for agriculture, which includes $16 billion in direct support to agricultural producers and $3 billion to purchase and distribute agriculture products to Americans in need. Read a summary of these two main components.
If you are not taking full advantage of the beneficial provisions the tax code provides, you may be overpaying your tax bill. Farm Credit East tax specialist Andrew Cerio gives readers examples of tax provisions that may be overlooked if a tax preparer isn’t well-versed in the business of agriculture.
On National Ag Day, we thank not only those who produce our nation’s food and fiber, but also want to acknowledge those who continue to support our nation’s agricultural production and write the laws that ensure the health, safety and affordability of our nation’s food supply.