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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Latest From Today's Harvest Blog

Business Tips and Tools

Vermont Saves Retirement Savings Program

Farm Credit East Knowledge Exchange

Vermont Saves is a retirement savings program created to give an option to employers that do not offer retirement benefits. The Vermont Saves Program allows employees to contribute to their own Roth Individual Retirement Account (IRA) through automatic payroll deductions. 

 

April 1, 2025

Family, farm and cattle with a girl and father walking on a field or grass meadow in the agricultural industry.

Latest Tax Talk

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Tax Talks
FinCEN Updates Beneficial Ownership Reporting Requirements

As of March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) has announced significant changes narrowing the scope of the reporting requirements for beneficial ownership information (BOI) under the Corporate Transparency Act. This update, consistent with the U.S. Department of the Treasury's recent announcement, aims to simplify the process for U.S. companies and individuals.

March 25, 2025

Today's Harvest Blog

Tag: expenses 
Septic System Diagram
Business Tips and Tools
Septic System Basics for your Rural Property

When buying a new home, or maintaining your current home, it is important to understand the many working elements. Septic systems are a major part of most rural homes, and homeowners should know the basics as it pertains to their home.

August 06, 2024

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Business Tips and Tools
7 Strategies for Smart Liquidity Management

Simply defined, liquidity is having cash or assets on hand to pay bills and expenses. Liquidity is particularly important in agriculture given the unique risks – from fluctuating commodity prices and weather volatility to regulatory constraints — along with the financial characteristics of agricultural businesses, including seasonality, family living needs and capital investment considerations. 

May 21, 2024

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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

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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

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