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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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
Crop Insurance
Beyond Dairy Revenue Protection: The Crop Growers Value
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
Crop Insurance
Late Spring Freeze – Next Steps for Insured Crop Policy Holders
The short stretch of warm days in April prompted an early start to the growing season for vineyards and orchards across the Northeast. Many growers weren’t too worried given the mild winter. They thought, “As long as there’s no freeze, we’ll be ok.” Unfortunately, the early morning hours of May 18, 2023, brought those low temperatures that were looming in the back of everyone’s mind. What do you do now?
June 05, 2023
Crop Insurance
It pays to have Dairy Revenue Protection
Why does it pay to have Dairy Revenue Protection (DRP)? DRP sets a quarterly price floor based on Chicago Mercantile Exchange (CME) futures prices to protect dairy producers against unexpected declines in milk revenue. It’s important to protect your operation — and DRP is one of the resources you can have in your toolbox to do so.
May 22, 2023
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