As a tax specialist with Farm Credit East's Financial Accounting Services (FAS) team, Phil helps agricultural businesses navigate everything from annual tax preparation and year-end planning to farm transitions and succession planning. While tax season is certainly a busy time, his work extends far beyond April deadlines.
Today’s Harvest Blog
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Earlier this month, Executive Order, Emergency Tax Relief on Diesel Fuel, was signed by the President with the purpose of deferring certain diesel fuel tax payment obligations and to provide penalty relief. As a result, the IRS acted and indicated it will not impose a penalty when dyed diesel fuel is sold for use or used on highways nationwide.
October 22, 2026
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The dairy industry continues to face a highly volatile environment. Milk prices, feed costs, global demand shifts and weather variability all contribute to uncertainty in farm revenue. While risk is unavoidable, how producers manage that risk can have a meaningful impact on long‑term profitability and financial stability.
April 14, 2026
From national economic trends to housing demand, lumber supply and global trade shifts, many economic forces are shaping the U.S. forest products industry. In a recent Farm Credit East webinar, Paul Jannke, of Forest Economic Advisors, provided an economic forecast pointing to a year of stability, modest growth and continued adjustment across the forest products sector. The following are the key insights from the webinar.
April 07, 2026
In this update, we share key 2026 changes to New York’s Farm Employer Overtime Credit, including expanded eligible overtime hours, shifting thresholds, and new certification requirements for all farm employers. We also highlight reminders on payroll adjustments and advance payment options to help farmers stay compliant and prepared for the season ahead.
March 31, 2026
As we celebrate National Agriculture Day on March 24, we recognize the contributions of the hardworking agriculture, commercial fishing and forest products producers to our everyday lives here in the Northeast and beyond.
March 24, 2026