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How Much is New York’s 20% Farmer Investment Tax Credit Worth Today?
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This fact sheet by PRO-DAIRY shared the implications for capital investment and tax management decisions. In April of 2022, New York State expanded the farmer investment tax credit (ITC) to be worth 20 percent of eligible capital investment. For property placed in service on or after January 1, 2023, the ITC is fully refundable for…
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NYCAMH Offers Support for Farmers Facing Physical and Safety Challenges
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With more than 100 agricultural workers injured every day and seven out of ten farms shuttered within five years of a serious accident, the risks are clear — but so is the help. Farming remains one of the most dangerous occupations in the U.S., and unlike many industries, farms present a unique risk to family…
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Call for Applications: Farm Financial Peer Learning Circles
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Assess Your Farm Business Health within a Farm Financial Peer Learning Circles The Cornell Small Farms Program and Cornell Cooperative Extension are teaming up with farmers in New York State to analyze farm finances and have productive, honest discussions about the state of the farm business and opportunities for improving financial outcomes. We are currently…
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NYS Farm Outlook for 2021
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Experts predict scarce labor and higher wages this year. New York state farm operators can expect a tight labor market and rising wages in the year ahead, in addition to continued pandemic precautions, debate over immigration reform and potential changes to overtime pay, according to a Cornell agriculture expert. “Ag labor is going to remain scarce due to ……
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Cornell AgriTech Center Helps Business Adapt to COVID-19
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While many businesses in the New York state food industry have been physically closed since mid-March due to the COVID-19 pandemic, the demand for their products has not stopped. Cornell AgriTech’s Center of Excellence for Food and Agriculture (COE) has been helping food and ag businesses adapt to the COVID-19 economy with new marketing strategies and by…
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Confidently Hosting a Farm Tour – What’s Your “Why Bother”?
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Let’s face it. You probably didn’t go into farming to wear 25+ hats every day – ranging from accountant to mechanic, nutritionist to human resources manager, and electrician to professional “Google-er”. It’s likely that “Consumer Relations and Marketing Expert” didn’t even make it into your pile of hats. You might even be rolling your eyes…
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How to Determine Fair Farmland Rental Rates
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Three approaches to help you answer the question: what is the right rental rate for farmland? Agricultural renters and landowners alike seem to struggle with the same question: what is the right rental rate for agricultural property? I commonly hear this question from beginning farmers seeking land. Yet, just as frequently, it comes from landowners…
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Conference Spotlight: SFP Presenting in Early 2019
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The Cornell Small Farms Program will be attending several conferences in early 2019. From presentations of our research to special events, you can connect with the our team and fellow farmers at the conferences listed below. New York State Vegetable Growers Association 2019 Empire State Producer’s Expo Reduced Tillage Project: Ryan Maher, Brian Caldwell, &…
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Video Series Shows How Farmers Can Profit From Forests
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New York farmers are completing business plans for their woodlots, with the assistance of Cornell Cooperative Extension of Chenango County and a grant from the New York Farm Viability Institute. Woodlot owners can use forest enterprises and products to supplement their income, and thanks to this grant CCE Chenango has been able to reach more…
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Interested in Raising Deer on Your Farm?
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Cervids, such as deer, elk, and moose, are a $3 billion industry in the United States. There are many opportunities for farms to raise deer, but proper care and health management is critical. Recently the New York State Department of Agriculture and Markets (NYSDAM) hosted Dr. Douglas Wagner of Newport Labs to discuss the topic…
Business Management
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