Earlier this year, Farm Credit East held a webinar reviewing The Corporate Transparency Act and the new Beneficial Ownership Information (BOI) reporting requirements that went into effect on January 1, 2024. Several webinar attendees asked questions about how these requirements apply to different business structures.
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The Tax Cuts and Jobs Act (TCJA) enacted in 2017 and in effect from 2018 – 2025 has had a substantial effect on itemizing deductions. The resulting changes have impacted the tax consequences of making charitable contributions, especially for senior citizens. A remedy to this can be to use Qualified Charitable Distributions (QCD) from an IRA account.
August 28, 2024
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Leading up to Thanksgiving, CEO Mike Reynolds reflects on and shares what he is thankful for and wishes everyone a happy and healthy holiday season.
November 21, 2022
As part of Farm Credit East’s mission, we strive to be an advocate for, and a responsible, committed member of the Northeast farm and rural community. The entire Farm Credit East team is committed to this mission. We strive to fulfill it through financial support and staff participation in events and activities that strengthen agriculture and enhance its future in local communities.
November 16, 2022
Pasture, Rangeland, and Forage (PRF) is a highly subsidized risk management plan geared toward hay producers or those producing hay for grass fed cattle. Did you know that snowfall creates the water table for the following growing season. If there is less snowfall than the past 50+ years’ average, there will be less water, and your PRF policy could pay you an indemnity.
November 14, 2022
‘Tis the season to give thanks!
As we approach Thanksgiving and the holiday season, we asked some of our teammates to reflect on what they’re grateful for. I think you’ll notice some common themes, from family, friends and coworkers to the great agricultural community we serve every day. Read on for their responses.
November 08, 2022