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.
Today’s Harvest Blog
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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
Today's Harvest Blog
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Crop Insurance
Crop Insurance and Succession Planning
The importance of succession planning for farmers cannot be overstated. Without a well-thought-out succession plan, the future of the farm and the livelihoods of those who depend on it are at risk. Succession planning can help ensure the family farm remains operational and productive, the farm's legacy is preserved, and the family's financial future is secure.
July 18, 2023
Business Tips and Tools
The Rise of Backyard Chickens
Raising chickens is nothing new. However, a less common practice that has recently started gaining popularity are backyard chickens. More and more people are opting to raise chickens for eggs in their own backyard. Before you jump in, here are a few important things to consider when evaluating whether backyard chickens are for you.
July 12, 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
Ag Economy
Celebrating National Dairy Month
It’s National Dairy Month, and we couldn’t let the month of June pass by without recognizing the region’s largest agricultural sector — the dairy industry. Dairy and related processing constitute the top agricultural sector in the region, with more than $18.7 billion in direct sales, $34.6 billion in total economic impact and more than 120,000 jobs supported.
June 26, 2023
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