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

Crop Insurance

Boosting Dairy Farm Resilience with Dairy Revenue Protection

Megan Clancy

Dairy Revenue Protection (DRP) is a valuable tool to help dairy farmers mitigate the risks of the dairy industry, including market fluctuations, weather conditions, and production variables. By offering robust, flexible and affordable program options, DRP helps to stabilize incomes and support the sustainability of dairy operations.

June 11, 2024

Cow milking facility and mechanized milking equipment

Latest Tax Talk

Two farmers in a crop field looking at a tablet
Tax Talks
Handling State Tax Refunds from Business Tax Credits

With many taxpayers having filed their 2023 taxes, refunds are appearing in their bank accounts. There may be a question of what to do with these funds. Particularly for those in states that had an expansion of refundable credits generated from farm businesses.

May 29, 2024

Today's Harvest Blog

Adult male farmer sitting on open trunkbed in a crop field using a laptop
Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny

In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.

April 11, 2024

Confident female farmer standing outdoors near car on background with farm field on fall day, signing some papers
Tax Talks
What you Need to Know about Beneficial Ownership Information Reporting for your Business

Starting January 1, 2024, most United States (U.S.) entities must report information about the beneficial owners of their businesses to strengthen the integrity of the U.S. financial system by making it harder for illicit actors to use shell companies to launder their money or hide assets. This blog article explores the key elements of the BOI reporting rule and what actions your business needs to take. 

January 18, 2024

Woman in front of tractor in agriculture field holding and looking at a laptop computer, with tax talk logo in corner
Tax Talks
New York Farm Overtime Credit – What you need to know Part II

Today, we continue the conversation about the New York Farm Overtime Credit by looking at helpful tips and potential pitfalls employers need to understand as they get ready for January 1, 2024.

December 29, 2023

Woman in agriculture crop field holding and looking at a laptop, with the Tax Talk logo
Tax Talks
Energy Credits: A Look at Applicable Provisions for the 2023 Tax Year

As we look at applicable provisions for the 2023 tax year, two credits we get the most questions about as farm tax preparers are the Solar Energy Property Credit and the Clean Vehicle Energy Credit. Here we focus on these two credits, but also touch on other energy property credits to consider as you ready your 2023 year-end materials for your tax preparer.

December 27, 2023

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