Ag Industry Trends & Outlooks

Trump Accounts officially kicked off July 4, 2026, offering a new way to save for a child’s future. A Trump Account is a traditional IRA with specific rules that enable families to start saving and investing for a child early with greater flexibility than a standard retirement account. Any child under age 18 with a Social Security number is eligible for a Trump Account. 

In response to the variety of significant economic challenges facing dairy producers in the northeast, Massachusetts, Maine and Connecticut each administers a unique, local dairy price support program. In this report, Farm Credit East provides an overview of each program and summarizes their key differences and similarities. While all programs respond to similar objectives and have been proven to slow the rate of dairy farm exits in their respective states, the programs differ substantially in funding and design. This report seeks to build a greater understanding of how each program works to support the region’s dairy communities and rural economies.

Over the past 10 weeks, 16 interns across seven Farm Credit East offices gained hands-on experience through projects, farm tours, employee shadowing and professional development opportunities.

After filing their 2025 tax returns, Farm Credit East learned that many farm taxpayers received an adjustment notice from New York State reducing the amount of their requested refund. The adjustments stemmed from a disallowance of the Farm Employer Overtime Tax Credit claimed on form CT- or IT-661.