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.
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Highlights from the Fiscal Year 2026-2027 NYS Budget
Following three-months of delays, the New York State legislature has passed the Fiscal Year 2026-2027 (FY 26-27) budget. The final budget, signed into law by Gov. Kathy Hocul, includes many provisions relevant to our farm and agribusiness customers. The following are a few highlights of the recently passed legislation.
June 4, 2026
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Business Tips and Tools
Vermont Saves Retirement Savings Program
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 01, 2025
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
Business Tips and Tools
Celebrating Northeast Agriculture
This year’s National Ag Day is Tuesday, March 18. And this year, we celebrate the important role Northeast agriculture, commercial fishing and forest products plays in our everyday lives.
March 18, 2025
Business Tips and Tools
Resiliency in the Green Industry: How to be Adaptable in 2025
Factors impacting the Green Industry such as the housing market, tariffs and supply chain disruptions are constantly changing. The key to staying resilient is to be adaptable. Farm Credit East recently hosted a webinar with Texas A&M’s Charlie Hall, providing a review on the fiscal and monetary policies on this horizon that will impact the green industry and how to be resilient in 2025. Following are the key takeaways from this webinar.
March 11, 2025
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