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

Business Tips and Tools

Beneficial Ownership Information: Who is Required to Report?

Farm Credit East Knowledge Exchange

Earlier this year, Farm Credit East held a webinar reviewing The Corporate Transparency Act and the new Beneficial Ownership Information (BOI) reporting requirements that went into effect on January 1, 2024. Several webinar attendees asked questions about how these requirements apply to different business structures.

September 24, 2024

Small business owner going through paperwork with her workers at garden center.

Latest Tax Talk

Middle aged woman completing tax paperwork
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

Today's Harvest Blog

brown cows in a barn eating
Crop Insurance
Stay Up To Date With The Dairy Markets Insights Newsletter

 The dairy industry is ever changing, and there is constantly news being thrown at us in all different directions. Our weekly dairy market insights newsletter is curated by the Crops Growers dairy and livestock team to keep you up to date on markets and current events impacting your dairy operation.

April 18, 2024

Flatbed wagon in a sod farm field at sunset
Ag Economy
2024 Forecast for the Northeast Green Industry

Farm Credit East recently hosted a webinar with Dr. Charlie Hall, of Texas A&M University, to review green industry (including nursery, greenhouse and sod industries) operational and financial performance in 2023 and provide a 2024 outlook. Read on for the key takeaways from this webinar. 

April 16, 2024

Adult male farmer sitting on open trunkbed in a crop field using a laptop
Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny

In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.

April 11, 2024

Capital building with farm field background
Public Policy
2024 Farm Bill Update

The Farm Bill has been bogged down since the Fall while Congress has battled over funding the government. Given it’s an election year, Congressional leaders have acknowledged if the Farm Bill isn’t passed by mid-year, it will likely be extended for another year leaving it for the next Congress to complete. Several Farm Credit backed proposals have been introduced this Congress that would allow Farm Credit to lean into meeting the capital needs of rural America. The intent is for these “marker bills” to be included in the Farm Bill. Here is a summary of four of them.

April 09, 2024

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