Why does it pay to have Dairy Revenue Protection (DRP)? DRP sets a quarterly price floor based on Chicago Mercantile Exchange (CME) futures prices to protect dairy producers against unexpected declines in milk revenue. It’s important to protect your operation — and DRP is one of the resources you can have in your toolbox to do so.
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
The Tax Code and Residual Soil Fertility
Recently, an old tax concept began to resurface. Farmers are asking whether they can write off residual fertilizer in the purchase of farmland. Most farmers realize, the purchase of farmland is nondeductible and thus finding deductions during the purchase of farmland can be beneficial to help cash flow the purchase.
May 1, 2023
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Tax Talks
Tax Planning Considerations for Paycheck Protection Program Recipients
One of the major questions for tax planning season has been whether expenses paid with a Paycheck Protection Program loan that is forgiven will be deductible. Senior Tax Consultant Dario Arezzo discusses possible examples and outcomes.
October 27, 2020
Business Tips and Tools
Five Things to Consider when Starting a New Ag Business
Understanding the opportunities and obstacles before beginning a new business is key to success. FarmStart advisor Samantha Stoddard dives into critical questions entrepreneurs should ask themselves before making the leap.
October 20, 2020
Business Tips and Tools
Happy 'Get Smart About Credit' Day!
Today is Get Smart About Credit Day! Senior Loan Officer, Jason Hoagland, prepares you for the loan application process by going over the 5 Cs of credit: Character, Capital, Capacity, Conditions and Collateral.
October 15, 2020
Tax Talks
Optimizing Special Depreciation for your Orchards
2020 is shaping up to be a potentially high-income year for some farmers across the country, especially given the latest round of Coronavirus Food Assistance Program (CFAP) payments. One tool that will likely come into play for fruit growers this year is the ability to depreciate 100% of the cost of new orchards.
October 06, 2020
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