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.
Farm tractor in a field during the fall harvest

Latest From Today's Harvest Blog

Farm Credit

Employee Spotlight: A Day in the Life of Tax Specialist Phil Murphy

Elisabeth Olcott

As a tax specialist with Farm Credit East's Financial Accounting Services (FAS) team, Phil helps agricultural businesses navigate everything from annual tax preparation and year-end planning to farm transitions and succession planning. While tax season is certainly a busy time, his work extends far beyond April deadlines. 

November 3, 2026

Photo of Phil Murphy, Fam Credit East Tax Specialist

Latest Tax Talk

Close-up of a fuel pump showing diesel and gasoline grade buttons, with the Tax Talks logo.
Tax Talks
Update: Diesel Fuel Tax Provisions

Earlier this month, Executive Order, Emergency Tax Relief on Diesel Fuel, was signed by the President with the purpose of deferring certain diesel fuel tax payment obligations and to provide penalty relief. As a result, the IRS acted and indicated it will not impose a penalty when dyed diesel fuel is sold for use or used on highways nationwide. 


October 22, 2026

Today's Harvest Blog

Family, farm and cattle with a girl and father walking on a field or grass meadow in the agricultural industry. Tax Talk logo on picture.
Tax Talks
Trump Accounts: A New Savings Option for Children

Trump Accounts officially kicked off July 4, 2026, offering a new way to save for a child’s future. A Trump Account is a traditional IRA with specific rules that enable families to start saving and investing for a child early with greater flexibility than a standard retirement account. Any child under age 18 with a Social Security number is eligible for a Trump Account. 

July 28, 2026

2026 Farm Credit East Interns on a sod farm
Farm Credit
A Summer of Learning and Growth: The Farm Credit East Internship Experience

Over the past 10 weeks, 16 interns across seven Farm Credit East offices gained hands-on experience through projects, farm tours, employee shadowing and professional development opportunities.

July 21, 2026

Picture of Megan Clancy, Farm Credit East Risk Advisor standing in a dairy barn with black and white cows in the background
Farm Credit
Employee Spotlight: A Day in the Life of a Dairy Risk Management Advisor

Shifting dairy markets and late-day price updates are daily challenges for Dairy & Livestock Risk Management Senior Advisor Megan Clancy. Read on as Megan shares what a typical week looks like, why collaboration matters and how her work helps protect dairy farms across the Northeast for the long haul. 

July 14, 2026

Capital building with farm field background
Public Policy
2026 Farm Bill Takes Shape: Comparing the House and Senate Proposals

After nearly three years of short-term extensions, Congress is once again debating and drafting comprehensive farm legislation. In May, the House passed the Farm, Food, and National Security Act of 2026 (H.R. 7567), while in late June Senate Agriculture Committee Chairman John Boozman (AR) released the Agricultural Act of 2026, a “discussion draft” providing the Senate a starting point for negotiation with other committee members. 


July 07, 2026

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