In a previous Tax Talks blog article, we talked about energy credits. An energy credit not discussed is the Production Tax Credit (PTC) under Internal Revenue Code (IRC) section 45Z. This credit incentivizes the domestic production of sustainable transportation fuels, such as those that may be generated by an on-farm biomass digester, offering a per gallon tax credit for qualified fuels produced by the taxpayer and sold to an unrelated person.
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Tax Talks
New York Farm Employer Overtime Credit – Advance Application Opens July 1
In December 2023, we shared to important Tax Talks blog articles on the New York Employer Overtime Credit. The time to apply for an advance of the credit is fast approaching with NYS Ag and Markets opening the application on July 1, 2024.
July 2, 2024
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Business Tips and Tools
The Levels of Dairy Risk Management
Dairy Risk Management can be an intimidating and complex process for many dairy operations; however, it is an important tool for protecting risk in dairy markets. Crop Growers agents Daniele Ricci and Megan Clancy explain the different levels available for your operation.
November 27, 2022
Business Tips and Tools
Pasture, Rangeland, and Forage Insurance Policy – Winter Precipitation Affecting a Summer Crop?
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
Business Tips and Tools
How Does Apple Insurance Protect Quality?
Pick-your-own apple orchards are familiar with wasted apples. Customers may take a bite of a few apples while picking or toss a few on the ground during their stay. While crop insurance doesn’t cover these unfortunate losses, it can help with apple quality before the masses visit the orchard.
October 31, 2022
Business Tips and Tools
Positioning your Business for Financial Success
Every farmer, fisherman or forest product producer defines success differently. For some, success is measured strictly in dollars and cents: the “bottom line.” Others make non-financial goals a priority. These non-financial goals may be very important, but even so, positive earnings are a requirement to achieving them. Read more for five of our best practices for financial success.
October 17, 2022
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