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.
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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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Following recent flooding and hail events across Connecticut, the U.S. Department of Agriculture (USDA) is offering the following programs to assist impacted farmers and livestock producers.
September 17, 2024
Dairy Revenue Protection (DRP) is a valuable tool to help dairy farmers mitigate the risks of the dairy industry, including market fluctuations, weather conditions, and production variables. By offering robust, flexible and affordable program options, DRP helps to stabilize incomes and support the sustainability of dairy operations.
June 11, 2024
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
Crop Growers, the insurance provider of Farm Credit East, provides coverage for reduced quality and production of crops resulting from hail events, giving acre-by-acre protection that can cover up to the full value of the crop.
May 08, 2024