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.
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The recently enacted New York State budget makes the Investment Tax Credit (ITC) fully refundable for eligible farmers who derive more than two-thirds of their gross income from farming. This provision will be in place through 2027 and will greatly benefit eligible farmers in New York State. Today’s post provides a high-level overview of the ITC.
May 29, 2023
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The tax code can be very confusing for agricultural businesses at times. Senior Tax Consultant, Dario Arezzo, dissects one of these instances — related party transfers — in today's Tax Talks blog.
June 30, 2021
In the Northeast, there is no shortage of fresh food grown locally. What’s your favorite summertime farm product? Let us know in the comments below and visit our Farm Fresh Guide to find out where to buy your favorite farm fresh products all summer long.
June 22, 2021
Farm Credit East’s information security team has been monitoring recent cyberattacks utilizing ransomware. In today's blog, Information Security Specialist, Deanna Pellegrino, provides helpful information about ransomware and how to protect your data.
June 17, 2021
In our final installment of the Lessons from the Pandemic series, we shift from the impact on the food system to the impact on the Northeast’s fiber system. The timber industry reacted quickly to the pandemic, promptly curtailing production, but soon found demand for many wood products would actually increase.
June 08, 2021