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.
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.
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Latest Tax Talk
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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
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Crop Insurance
Managing Dairy Revenue Risk
The dairy industry is inherently unpredictable. Market fluctuations, weather conditions and production variables all contribute to an unstable income landscape for dairy farmers. Dairy Revenue Protection, commonly referred to as DRP, is a federally subsidized program designed to help dairy producers manage revenue risk. This program offers dairy farmers a way to protect against unexpected declines in quarterly revenue from milk sales.
June 04, 2024
Tax Talks
Handling State Tax Refunds from Business Tax Credits
With many taxpayers having filed their 2023 taxes, refunds are appearing in their bank accounts. There may be a question of what to do with these funds. Particularly for those in states that had an expansion of refundable credits generated from farm businesses.
May 29, 2024
Business Tips and Tools
7 Strategies for Smart Liquidity Management
Simply defined, liquidity is having cash or assets on hand to pay bills and expenses. Liquidity is particularly important in agriculture given the unique risks – from fluctuating commodity prices and weather volatility to regulatory constraints — along with the financial characteristics of agricultural businesses, including seasonality, family living needs and capital investment considerations.
May 21, 2024
Business Tips and Tools
A Healthy Farm Starts with a Healthy You
May is Mental Health Awareness Month, which is a good time to check in on your own mental wellbeing and that of your family, staff, and loved ones.
May 14, 2024
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