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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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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Last year saw a marked decline in milk prices from 2022. Feed and fuel costs declined to a lesser extent, but many other expenses increased, reducing margins for dairy producers. Farm Credit East and Crop Growers crop insurance recently hosted a webinar to provide a 2024 outlook for the Northeast dairy industry.
February 06, 2024
At the beginning of this year, many economists were projecting dairy prices to be lower than 2022, but the year so far has turned out differently than expected. Dairy Revenue Protection is a quarterly risk management program that protects dairy producers from unexpected declines in milk prices, thereby protecting milk money. With the volatility we’ve seen thus far this year, is your milk money protected?
September 12, 2023
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
Crop Growers is Northeast producer’s first choice for dairy and livestock insurance because our team provides so much more than just sound risk management plans. Beyond insurance policies, Crop Growers brings additional value to its customers through these smart management tools and resources.
June 12, 2023