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.
Farm tractor in a field during the fall harvest

Latest From Today's Harvest Blog

Public Policy

One Big Beautiful Bill’s Impact on Northeast Agriculture: Business Tax Changes

Dario Arezzo

The One Big Beautiful Bill (OBBB) was signed into law over the July 4th holiday. The legislation, which passed the House on a 218-214 vote, generally extends, and in some cases amplifies, the 2017 Tax Cuts and Jobs Act for farmers. Today's blog is the first in a multi-part series explaining significant changes to agricultural safety net programs included in the bill.

July 7, 2025

legislative info

Latest Tax Talk

Two farmers in a crop field looking at a tablet
Tax Talks
Tax Considerations for Crop Insurance Indemnities

Many parts of the Northeast have faced a challenging planting season with wet weather and cool temperatures; now as summer kicks off, many are seeing significant stretches of above average temperatures. Given these recent extremes in weather conditions, a review of the tax implications of various crop insurance programs is warranted. 

July 2, 2025

Today's Harvest Blog

Confident female farmer standing outdoors near car on background with farm field on fall day, signing some papers
Tax Talks
State Spotlight: Maine Dirigo Business Incentives

In today's Tax Talks, learn more about the Maine Dirigo Business Incentives program. The program offers significant tax savings for certain qualified businesses in the state of Maine.

May 29, 2025

A young farmer talking to another individual with a tablet in a crop field with green netting
Tax Talks
Spring into Tax Planning and Record Keeping

As field work and spring planting kicks off across the Northeast, many farmers are making significant investment in equipment, crop inputs and labor. These expenditures present opportunities for proactive tax planning and sound record keeping. By aligning your spring activities with tax efficient strategies, you can optimize deductions, manage cash flow effectively and set the stage for a smoother year-end process. 

April 30, 2025

side profile view of employee business woman wearing casual shirt sitting working at office desk with laptop pc computer indoors sign documents writing something
Tax Talks
FinCEN Updates Beneficial Ownership Reporting Requirements

As of March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) has announced significant changes narrowing the scope of the reporting requirements for beneficial ownership information (BOI) under the Corporate Transparency Act. This update, consistent with the U.S. Department of the Treasury's recent announcement, aims to simplify the process for U.S. companies and individuals.

March 25, 2025

Tractor preparing field for planting
Tax Talks
Claiming Federal Fuel Tax Credits in 2024: What Farmers Need to Know

Before filing your taxes for 2024, take a look to see if your farm operation can claim the Credit for Federal Tax Paid on Fuels. Today's blog covers the requirements, including a new Fuel Tax Credit Statement checklist which needs submitted as well. 

February 27, 2025

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