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
Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
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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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Ag Economy
2024 Grain and Oilseed Industry Outlook Summary
2023 had surprising results after a seemingly poor growing season. U.S. farmers are currently facing increasing export competition in a declining price environment. What will this mean for producer margins in 2024?
April 30, 2024
Knowledge Exchange Partner
2024 Grain and Oilseed Outlook
Dr. Bob Maltsbarger, Senior Research Economist with the Food and Agricultural Policy Research Institute, gives his insights on the state of the cash grain and oilseed industries for 2024, including U.S. production, supply and demand trends, competition from other countries, weather-related market fluctuations, and other industry related conditions in this year's industry outlook report.
March 26, 2024
Crop Insurance
Another Wet One – How Crop Growers Can Help Northeast Tobacco Growers
In 2023, the Northeast experienced another wet tobacco growing season. Given the high cost of tobacco cultivation (over $1,000 per acre), risk management plans are crucial for producers. Connecticut insured more than 3,000 acres of this valuable crop. The purpose of crop insurance, like any other insurance, is not to bring profits but to make the producer whole again so they can continue to farm the following year.
February 13, 2024
Business Tips and Tools
Wet Planting Season? Consider Prevented Planting
If 2022 is a wet planting season, Multi-Peril Crop Insurance (MPCI) policies have a prevented planting provision that might come in handy. Read on for more information, and as always, keep in touch with your local Crop Growers agent to see if prevented planting is something you should consider.
May 03, 2022
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