The American Rescue Plan Act extended the Employee Retention Credit through December 31, 2021. Farm Credit East Senior Tax Consultant Dario Arezzo explains implications for tax planning purposes in this month's Tax Talks.
The livestock industry had some difficulties in 2020, mainly due to production pivoting from food service markets to retail, as well as complications with meat packing plant shutdowns throughout the year.
The timber and forest products industries did not fare too badly during the COVID-19 pandemic, however production pivoted drastically in many areas due to shutdowns and restrictions. Read on for a more in-depth look of the current market.
Similar to many industries during the COVID-19 pandemic, the aquaculture and commercial fishing industries saw their share of trials, especially with the initial shutdown of restaurants and export markets. Read on for a current snapshot of these industries.