At Thanksgiving, we give thanks for many things. We are thankful for our families, loved ones and the food we sit down to share as we celebrate the holiday — along with the Northeast producers who will make our Thanksgiving meal possible.
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In November 2022, Massachusetts voters approved an amendment to the Massachusetts Constitution to impose an additional 4% surtax on the portion of a taxpayer’s taxable income that exceeds $1 million. Shortly after, seven other states introduced their own legislation targeting high-income earners including Connecticut and New York. Here are the details to help your tax planning.
October 31, 2023
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Vegetable growers in the Northeast experienced significant draught in 2020, which is continuing through 2021. Growers selling to foodservice markets had to adjust their marketing, but those selling to grocery stores or direct-to-consumer have seen good sales. Like other agricultural commodities, vegetable demand has shifted but is still strong.
May 04, 2021
Cash field crops had a relatively good year in 2020, with most corn and soybean yields higher than 2019 averages. Ethanol production decreased due to reduced exports and domestic gasoline demand, however production levels should increase this year.
April 20, 2021
Sworn in amid the ongoing worldwide pandemic and followed by an attack on the Capitol days later, the 117th Congress began its work during a turbulent time in our nation. While their current priority is working with a new administration on additional pandemic relief, a key question for Farm Credit East members is how the new Congress will address the issues facing Northeast agriculture, forest products and commercial fishing.
April 13, 2021
Different sectors of the fruit industry had highs and lows in 2020. Apples showed a smaller crop than usual, but cranberries did well due to increased retail juice sales. The wine and craft beverage sector was hit hard early in 2020 due to COVID-19 restrictions, but bounced back with the availability of online ordering and curbside pickup.
April 06, 2021