Farm Credit East offers various financing options, including leasing. A lease may be a beneficial option to preserve operating capital, especially when taking on a new project or making a large purchase.
Now that the dust has settled on the 2018 tax season (for the most part!), it is time to continue fine-tuning tax strategies for Northeast agricultural producers. One of the easiest ways to maximize the 199A deduction is to ensure the farmland being utilized in the operation qualifies for the deduction.
New York’s wine industry has been growing drastically over the last few decades. A 2012 study completed for the New York Wine and Grape Foundation estimated that New York grapes, grape juice, wine and other grape products provide 4.8 billion in economic impact and nearly 25,000 jobs. Are you in the wine industry? We'd love to chat with you on how we might be able to work together to benefit your business.