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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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
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Tax Talks
Capital Construction Fund: A Fisherman’s Guide to Building for the Future
If you’re a commercial fisherman planning to build, buy, lease or rebuild a vessel, the Capital Construction Fund (CCF) can be one of the most powerful tax planning tools available to you. The CCF lets you set aside income today, defer federal income tax and use that money later to invest in your fishing business. Let’s discuss the details of this program.
May 26, 2026
Ag Economy
The Road Ahead for Oyster Growers: Trends, Risks and Opportunities for 2026
The U.S. oyster industry’s current landscape is shaped by decades of regulatory progress, rapid production innovations and shifting market pressures. As growers head into 2026, understanding the forces behind today’s rules, technologies and economic trends is essential for making informed business decisions. In a recent Farm Credit East webinar, Bob Rheault, executive director of East Coast Shellfish Growers Association, shared the key challenges and opportunities for the oyster industry.
March 10, 2026
Business Tips and Tools
Celebrating Northeast Agriculture
This year’s National Ag Day is Tuesday, March 18. And this year, we celebrate the important role Northeast agriculture, commercial fishing and forest products plays in our everyday lives.
March 18, 2025
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