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

cow and calf stand in the pasture
Crop Insurance
Risk Management Gets a Boost: LRP Beef on Dairy Coverage Explained

Livestock Risk Protection (LRP) is a federally subsidized risk management program designed to protect against a decline in livestock prices, allowing producers to set a price floor and mitigate risk from marketplace volatility. 

July 22, 2025

Rows of corn stalks in a field with flood water covering the ground at dusk
Crop Insurance
Proactive Strategies for Business Success: Protecting your investment with crop insurance

While we can’t predict the future, we can certainly plan for the unexpected, and crop insurance is an important tool to help producers do just that. Ag businesses that are eligible for crop or livestock insurance should consider the value risk management tools can provide. So, what are the next steps for protecting your investment with crop insurance?

July 15, 2025

Low angle view of the east entrance to United States Capitol building in Washington DC with marble dome and stairs
Tax Talks
One Big Beautiful Bill’s Impact on Northeast Agriculture: Agricultural Changes

President Trump signed the One Big Beautiful Bill (OBBB) into law over the July 4th holiday. We have already covered business tax changes and individual tax changes, and today, we’ll highlight some of the most pertinent non-tax provisions impacting agriculture.

July 09, 2025

A close-up view of a pair of eyeglasses on a piece of paper magnifying the words One Big Beautiful Bill
Tax Talks
One Big Beautiful Bill’s Impact on Northeast Agriculture: Individual Tax Changes

President Trump signed the One Big Beautiful Bill (OBBB) into law over the July 4th holiday. In addition to the extension of the current individual tax rates, today’s blog, the second in a multi-part series will focus on some of the key individual provisions.

July 08, 2025

Meet the Authors

Connect with and discover our Today’s Harvest blog authors and their broad range of financial and northeast agricultural expertise.