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.
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
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
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Tax Talks
Capital Construction Fund: A Fisherman’s Guide to Building for the Future
If you’re a commercial fisherman planning to build, buy, lease or rebuild a vessel, the Capital Construction Fund (CCF) can be one of the most powerful tax planning tools available to you. The CCF lets you set aside income today, defer federal income tax and use that money later to invest in your fishing business. Let’s discuss the details of this program.
May 26, 2026
Crop Insurance
Supplemental Disaster Relief Program (SDRP) Second Payment: What It Is and What It Means for Your Farm
At Crop Growers, we focus on bringing clarity to complex programs so you can make the best decision for your business. USDA’s recent SDRP update has created confusion around “second payments.” Let’s dig into what this means.
May 20, 2026
Ag Economy
2026 Apple Outlook: High Supply with Tight Margins
The U.S. apple industry is moving a lot of fruit, but profitability is being squeezed by heavy supply, stubborn demand and rising costs. Farm Credit East recently hosted a webinar with Chris Gerlach of USApple for an overview of the industry. The following are key points growers should be aware of as they plan orchard decisions, labor and marketing for the season ahead.
May 19, 2026
Crop Insurance
Building Resilient Dairy Businesses: Key Takeaways from Crop Growers Dairy Producer Meeting
Last week, Crop Growers and Farm Credit East welcomed dairy and livestock producers to Syracuse, New York, for an evening focused on market outlooks, industry trends and strategies to help build resilient farm businesses in today’s evolving environment.
May 14, 2026
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