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
Employee Retention Credit: Partially Shut Down, Defined
Last month’s Tax Talks discussed the Employee Retention Credit’s (ERC) expansion throughout the 2021 tax year and took a look at the revenue tests for qualification. In this blog, we’ll take a closer look at IRS guidance surrounding what it means for a business to be partially shut down.
April 27, 2021
Farm Credit
Northeast Producers are Implementing Environmentally-Friendly Practices
As we celebrate Earth Day, we at Farm Credit East wanted to highlight Northeast producers who have implemented environmentally friendly practices in their operations. We believe few are more committed to the health of our land, air and water than those who work farms, forests and waterways every day — and we want to share their stories!
April 22, 2021
Ag Economy
2021 Cash Field Crops Industry Snapshot
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
Public Policy
How will the 117th Congress Navigate these Turbulent Times?
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
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