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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Tax Talks
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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Tax Talks
Navigating Charitable Contributions Post-TCJA
The Tax Cuts and Jobs Act (TCJA) enacted in 2017 and in effect from 2018 – 2025 has had a substantial effect on itemizing deductions. The resulting changes have impacted the tax consequences of making charitable contributions, especially for senior citizens. A remedy to this can be to use Qualified Charitable Distributions (QCD) from an IRA account.
August 28, 2024
Business Tips and Tools
Emergency Assistance for New York Homeowners Impacted by Hurricane Debby
In the wake of Hurricane Debby, Governor Kathy Hochul announced a comprehensive emergency assistance program to support homeowners in Allegany, Delaware, Franklin, Steuben and St. Lawrence counties. This initiative, spearheaded by New York Homes and Community Renewal (HCR), aims to provide critical repairs and financial support to those affected by the storm.
August 20, 2024
Crop Insurance
Safeguarding Your Livestock Investment
In the ever-changing landscape of agriculture, farmers are constantly seeking ways to mitigate risk and protect their livelihoods. Livestock Risk Protection is an important risk management tool to safeguard your livestock investment.
August 13, 2024
Business Tips and Tools
Septic System Basics for your Rural Property
When buying a new home, or maintaining your current home, it is important to understand the many working elements. Septic systems are a major part of most rural homes, and homeowners should know the basics as it pertains to their home.
August 06, 2024
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