This month's Knowledge Exchange Partner article contributed by Dr. Christopher Wolf of Cornell University, reviews 2024 industry trends and discusses 2025 pricing projections and feed costs. It also explores potential impacts of weather risks, disease, and policy changes, including Federal Milk Marketing Order modernization and the extension of The Farm Bill, on farm milk prices and dairy policy.
Ag Industry Trends & Outlooks
Discover insights, trends, ag market outlooks and other topical information as it relates to the Northeast's diverse agricultural industries. Brought to you by Knowledge Exchange from Farm Credit East.
Knowledge Exchange Partner
Latest From Today's Harvest Blog
Farm Credit
The Value of Connections
As a relationship lender, connecting with our customers and our communities is at the heart of everything we do. It’s those relationships that we’ve had with customer businesses for generations that have allowed Farm Credit East to be successful for more than 100 years. CEO Mike Reynolds reiterates the importance of these connections in today's blog.
January 7, 2025
Featured Webinar
Ag Economy
2025 Grain and Oilseed Industry Outlook
In the recent webinar, Farm Credit East, Horizon Farm Credit and CoBank Lead Economists, Tanner Ehmke and Jacqui Fatka, explore the latest insights on U.S. grain and biofuel markets. With record soybean and corn harvests, profitable storage options and recovering export demand, the landscape is shifting.
January 6, 2025
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Tax Talks
Vermont Flood Victims Qualify for Federal and State Tax Relief
The recent Northeast flood events have been devastating for Farm Credit East customers and others in the affected areas, particularly those in Vermont. The IRS has released tax relief information for individuals, households and businesses. Following is federal tax relief guidance applicable to anyone located in a FEMA-declared disaster county along with state tax relief specific to those located in Vermont’s 14 hard-hit counties.
July 26, 2023
Tax Talks
Tax Legislation Update
The House Ways and Means Committee recently announced The American Families and Jobs Act, which includes three bills (H.R. 3936, H.R. 3937, and H.R. 3938) that could impact farmers.
July 06, 2023
Tax Talks
New York Farmers and Refundable Investment Tax Credit
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
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 01, 2023
Northeast Economic Engine
Download Farm Credit East’s Northeast Economic Engine report, which analyzes the economic impact of the Northeast agriculture, forest products, commercial fishing and food manufacturing industries. This report was released in October 2024.
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