Harvest often provides the clearest picture of a farm's financial performance. This year, many producers are balancing strong yields with continued pressure from fuel, input and operating costs. To help address those challenges, USDA recently announced the new Harvest Fuel Relief Program (HFR), a one-time $8 billion assistance program for agricultural producers.
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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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USDA’s Agricultural Marketing Service (AMS) released its final decision for changes to the Federal Milk Marketing Orders (FMMOs) on November 12. Now producers, and their coops have to vote to approve (or reject) these changes.
December 31, 2024
On Thursday December 26, 2024, the Fifth Circuit Court of Appeals reinstated a lower court’s halt on the enforcement of Beneficial Ownership Information (BOI) reporting. This latest ruling reverses the order for the same court earlier in the week.
December 30, 2024
Employers in Connecticut with 50 or more employees in specific sectors are required to have paid sick leave. Effective January 1, 2025, employers with at least 25 employees will be required to offer paid sick leave.
December 27, 2024
On December 23, 2024, the Fifth Circuit Court of Appeals reinstated the obligation of reporting companies to file their Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN).
December 26, 2024