The U.S. Department of Agriculture (USDA) has announced a significant opportunity for landowners to review and potentially increase their base acres under the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. For many operations, this represents the first opportunity in more than two decades to align farm program base acres with more recent planting history.
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Highlights from the Fiscal Year 2026-2027 NYS Budget
Following three-months of delays, the New York State legislature has passed the Fiscal Year 2026-2027 (FY 26-27) budget. The final budget, signed into law by Gov. Kathy Hocul, includes many provisions relevant to our farm and agribusiness customers. The following are a few highlights of the recently passed legislation.
June 4, 2026
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Tax Talks
One Big Beautiful Bill’s Impact on Northeast Agriculture: Individual Tax Changes
President Trump signed the One Big Beautiful Bill (OBBB) into law over the July 4th holiday. In addition to the extension of the current individual tax rates, today’s blog, the second in a multi-part series will focus on some of the key individual provisions.
July 08, 2025
Tax Talks
One Big Beautiful Bill’s Impact on Northeast Agriculture: Business Tax Changes
The One Big Beautiful Bill (OBBB) was signed into law over the July 4th holiday. The legislation, which passed the House on a 218-214 vote, generally extends, and in some cases amplifies, the 2017 Tax Cuts and Jobs Act for farmers. Today's blog is the first in a multi-part series explaining significant changes to agricultural safety net programs included in the bill.
July 07, 2025
Tax Talks
Tax Considerations for Crop Insurance Indemnities
Many parts of the Northeast have faced a challenging planting season with wet weather and cool temperatures; now as summer kicks off, many are seeing significant stretches of above average temperatures. Given these recent extremes in weather conditions, a review of the tax implications of various crop insurance programs is warranted.
July 02, 2025
Tax Talks
State Spotlight: Maine Dirigo Business Incentives
In today's Tax Talks, learn more about the Maine Dirigo Business Incentives program. The program offers significant tax savings for certain qualified businesses in the state of Maine.
May 29, 2025
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