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

Whole Farm Revenue and Micro Farm Crop Insurance is Worth Another Look

Devon Smolak

Many farmers think of crop insurance as only relevant for large row-crop growers. But if you’re a diversified farm, there are new options that are worth another look, particularly in light of recurring natural disasters that have been hitting the region.

September 25, 2023

rainbow chard

Latest Tax Talk

Tax Talks
Crop Insurance Tax Treatment Options for a Challenging Year

2023 has been a challenging year for farmers, and many may see payments from their crop insurance policies or federal crop disaster payments. This Tax Talks blog reminds producers that crop insurance proceeds and crop disaster payments must be reported as income.

August 29, 2023

Today's Harvest Blog

rectangular word bubble outlined in green on a grey background with the word Tax inside the bubble and the word Talks, under the bubble
Tax Talks
Employee Retention Credit and Supply Chain Disruptions

The Employee Retention Credit (ERC) is a refundable tax credit that taxpayers could obtain by meeting a quantitative test for either a decline in revenues, or because their business was shut down wholly or partially due to a governmental order. This shutdown test includes “supply chain disruptions.” Today’s Tax Talk considers how the IRS views a supply chain disruption.

October 25, 2022

rectangular word bubble outlined in green on a grey background with the word Tax inside the bubble and the word Talks, under the bubble
Tax Talks
Tax Strategies for 2022: Tax Planning for Cash Basis Reporting

In the last Tax Talks, “Tax Strategies for 2022: Understanding Your Tax Liability,” we began to understand the importance of record keeping and tax planning early in the year. In today’s blog, we’ll continue to build upon that foundation as we discuss tax planning for cash basis reporting.

 

September 06, 2022

rectangular word bubble outlined in green on a grey background with the word Tax inside the bubble and the word Talks, under the bubble
Tax Talks
Tax Strategies for 2022: Understanding Your Tax Liability

Have you started tax planning for 2022? First and foremost, you need to have a good record keeping system in place to accurately detail your farm income and expenses. If you wait until the dark, cold months of January and February to do your books for the year when there isn’t much else going on, you’re not going to have the opportunity to accurately tax plan. 

August 31, 2022

rectangular word bubble outlined in green on a grey background with the word Tax inside the bubble and the word Talks, under the bubble
Tax Talks
Possible Changes to New York’s Forest Tax Law Assessment

In today's Tax Talk, Farm Credit East's Dario Arezzo examines the New York State Department of Environmental Conservation (DEC) proposal to amend regulations relating to the Forest Tax Law program. This program provides landowners a reduction in real property taxes on their enrolled forest lands if certain conditions are met.

July 26, 2022

Meet the Authors

Connect with and discover our Today’s Harvest blog authors and their broad range of financial and northeast agricultural expertise.