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

Hispanic woman enjoying success in a flower shop surrounded by lush greenery and laptop on desk with BOI Update graphic.
Tax Talks
BOI Enforcement Again Halted

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

Close up on a file tab with the word employees plus a note with the text sick leaves, blur effect at the background. Concept image for illustration of sick leave entitlement.
Business Tips and Tools
Changes to Connecticut Paid Sick Leave

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

Adult male in agricultural field using a tablet
Tax Talks
BOI Enforcement Resumes with Deadline Extension

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

 herd of cows eating hay and man in barn on dairy farm
Crop Insurance
Ensuring a Profitable 2025: The Role of Dairy Revenue Protection in Your Business Plan

As the calendar year draws to a close, it's an ideal time for dairy producers to reflect on the past year's challenges and achievements and to prepare strategically for the year ahead. With 2025 on the horizon, effective planning will be crucial to navigating the complexities of the dairy industry and ensuring a profitable year. One key component of this planning is Dairy Revenue Protection (DRP), a valuable tool that can help manage risk and stabilize income.

December 24, 2024

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