Legislation has been introduced in the New York State Senate and Assembly that would require agricultural employers to pay overtime to employees who work more than eight hours per day and 40 hours per week. This Farm Credit East Knowledge Exchange report reviews the impact that mandatory overtime pay could have on agricultural labor costs and farm income.
As we approach the tax-planning season, there are major tax changes that will require proactive planning with your tax professional. The tax law changes that have been in the news may seem overwhelming, but it is more important than ever to spend time optimizing tax strategies to reduce your tax liability. Here are some of the important tax planning strategies to consider.
There are a number of grants and other incentives available for agriculture, but learning about their availability and navigating the application process can be a challenge. To help with this process, Farm Credit East has compiled a summary of federal, regional and state grants and other incentives available to help Northeast agriculture, of all types and sizes.