With harvest upon us, apple bins are being filled and moved into storage. While this is a busy time of year for growers, it’s important to ensure you are proactively keeping track of production. We all have different ways to capture production information — whether it be a software with bin tags, hard copy logs from each trucker or sales records. The most important thing is the record keeping is done accurately.
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Choice of Entity Structure for your Farm Business
When starting a new business, there are many challenges and considerations. While entity selection and structure may not be at the forefront for an entrepreneur, making an informed decision early can allow the focus to remain on the business operations and enable a smooth initial tax filing. Let’s examine some key structural considerations and tax implications.
August 29, 2025
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Tax Talks
Celebrating 50 Years of Providing High Value Financials Services to Northeast Agriculture
Farm Credit East is proud to be the Northeast’s premier financial services provider, serving the needs of over 18,000 producers involved in farming, fishing, forestry and agribusinesses. 2023 marks the 50th anniversary of Farm Credit East’s financial services offerings.
March 28, 2023
Tax Talks
Northeast States Budget Season Update
It’s that time of the year when state governments across the Northeast are crafting up budgets for their respective states. As always, we keep an eye out for important items that may positively impact farmers. Two recent highlights are from New York and Massachusetts.
March 02, 2023
Tax Talks
USDA Emergency Relief Programs for Producers
Emergency Relief Program (ERP) phase one closed on December 16, 2022. Phase two opened on January 23rd and runs through June 2, 2023. The funds appropriated by Congress will be distributed through the Emergency Livestock Relief Program (ELRP) and the ERP. Regarding ELRP, the Farm Service Agency will release more information once they have finished its analysis on the 2021 drought and wildfire impacts on livestock producers.
January 30, 2023
Tax Talks
2022 Year-End Tax Headlines
As for tax updates, year-end 2022 is as good as any of the last few years. Some years we’re left dealing with changes that occur in January that are retroactive. This year, there are some last-minute things that are mostly good news. Here are the highlights.
December 26, 2022
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