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.
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Tax Talks
Trump Accounts: A New Savings Option for Children
Trump Accounts officially kicked off July 4, 2026, offering a new way to save for a child’s future. A Trump Account is a traditional IRA with specific rules that enable families to start saving and investing for a child early with greater flexibility than a standard retirement account. Any child under age 18 with a Social Security number is eligible for a Trump Account.
July 28, 2026
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Business Tips and Tools
One Big Beautiful Bill: Key Takeaways for Farmers
The One Big Beautiful Bill Act, signed into law in early July, is a comprehensive piece of legislation with significant implications for various sectors, including agriculture. Farm Credit East recently hosted a webinar on the agricultural provisions of the bill, highlighting the tax and crop insurance implications for Northeast agriculture. Following are the key takeaways from this webinar.
July 29, 2025
Business Tips and Tools
Grant Writing Success for New York Dairy Farmers
As the region celebrates Dairy Month this June, the New York agricultural community has even more reason to cheer: Governor Kathy Hochul recently announced that $21.6 million has been awarded to 103 farms through the Dairy Modernization Grant Program.
June 30, 2025
Business Tips and Tools
Staying Safe in Hot Weather
As the Northeast experiences more extreme weather, heat stress is a growing concern for farmers and farm workers. Because they spend significant time outdoors doing physically demanding work, this population is particularly vulnerable to heat-related health effects.
June 26, 2025
Business Tips and Tools
Exceptionally Wet Weather Conditions Lead to Delayed Planting in New York
While corn and soybean crop planting is slightly ahead of last year nationally, it is way behind in New York and across the Northeast, due to unusually cold and wet weather, making field work difficult.
June 24, 2025
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