On October 2, 2025, the U.S. Department of Labor issued a new Interim Final Rule (IFR) that significantly revises how Adverse Effect Wage Rates (AEWRs) are calculated for H-2A guestworkers. AEWRs set the minimum hourly wages that must be paid to H-2A workers and those in corresponding employment. This rule introduces major changes affecting wage structures across Farm Credit East’s eight-state region, with important implications for farm operations and labor management.
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Latest Tax Talk
Tax Talks
Maximizing Your Farm’s Bottom Line: Income and Expense Reporting
Filing farm taxes doesn’t have to be confusing. The IRS requires you to report all income unless specifically excluded, and only deduct expenses that are both ordinary—common in farming—and necessary—helpful for your business. Understanding these basics can save you time and stress.
October 27, 2025
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Business Tips and Tools
Exceptionally Wet Weather Conditions Lead to Delayed Planting in New York
While corn and soybean crop planting is slightly ahead of last year nationally, it is way behind in New York and across the Northeast, due to unusually cold and wet weather, making field work difficult.
June 24, 2025
Crop Insurance
Crop-Hail Coverage: Providing Peace of Mind in the Middle of the Storm
The Northeast U.S. frequently experiences severe weather, including hail, which can severely damage crops and lead to major financial losses for farmers. Due to the unpredictable nature of hailstorms, crop-hail insurance is a crucial safeguard for agricultural businesses. This type of insurance helps cover losses from reduced crop quality and yield caused by hail damage.
May 23, 2025
Crop Insurance
Next Steps for Northeast Producers Affected by Flooding and Excessive Rainfall
The recent Northeast flood events have been devastating for agricultural producers in the affected areas, with those in Vermont, New Hampshire, Massachusetts and Connecticut particularly hard hit. So what should affected farmers do now?
August 01, 2023
Tax Talks
Vermont Flood Victims Qualify for Federal and State Tax Relief
The recent Northeast flood events have been devastating for Farm Credit East customers and others in the affected areas, particularly those in Vermont. The IRS has released tax relief information for individuals, households and businesses. Following is federal tax relief guidance applicable to anyone located in a FEMA-declared disaster county along with state tax relief specific to those located in Vermont’s 14 hard-hit counties.
July 26, 2023
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