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
Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
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Latest Tax Talk
Tax Talks
Update: Diesel Fuel Tax Provisions
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
Today's Harvest Blog
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Crop Insurance
The Return of Prevented Planting Plus 5%: What Producers Need to Know
The USDA Risk Management Agency (RMA) has reinstated the Prevented Planting Plus 5% option for the 2027 crop year. Producers will once again have the opportunity to purchase an additional 5% of prevented planting coverage, providing greater protection when adverse weather prevents intended acres from being planted.
August 17, 2026
Crop Insurance
Fresh Market Pepper Coverage Expands in the Northeast: What It Means for Producers
The USDA Risk Management Agency has expanded fresh market pepper crop insurance coverage to additional counties in Connecticut, Massachusetts, and New Jersey, offering producers enhanced risk management tools aligned with production cycles and market conditions.
August 12, 2026
Ag Economy
New Report Examines Dairy Price Support Policies Across the Northeast
For dairy farmers in the Northeast, profitability depends on factors outside their control. Milk prices fluctuate while production costs continue to rise. When milk prices fall below the cost of production, the financial pressure can be considerable and, ultimately, create the conditions that lead to dairy farm exits.
August 05, 2026
Business Tips and Tools
Reminder to Stay Vigilant: Be Aware of Impersonation Calls
Farm Credit East has been alerted to a rise in fraud attempts involving criminals impersonating trusted financial institutions, including Farm Credit System institutions and CoBank, Farm Credit East’s funding bank. These scammers may spoof legitimate phone numbers, making it appear that the call is coming from a trusted organization even when it is not.
August 03, 2026
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