New York Tax Incentives for Farm Employers: Overtime, Investment and Employee Retention
Event Details
Date
June 21, 2022
Time
11am - 12:30pm EDT
Location
Webinar
Host
Farm Credit East
In the 2022 State of the State and State Budget, Governor Hochul announced three significant tax credits that are applicable to many farmers in New York: - The Farm Worker Overtime Tax Credit - reimburses farms for overtime expenses if the threshold is reduced below 60 hours per week
- The Investment Tax Credit - provides a tax credit when farm assets are purchased and placed into service
- The Employee Retention Credit - provides a tax credit based on the number of farm employees working over 500 hours (per year)
These tax credits are all new or expanded, and can bring significant benefits to farms across the state. Please attend this webinar to find out what's new, what these tax credits cover, and how to apply. Some of these programs are still in development, so we will cover what is known, and what is yet to be determined. Time will be provided for Q&A with tax experts.
This webinar is presented in collaboration with Farm Credit East, NYS Department of Agriculture & Markets, NYS Department of Taxation & Finance, and Cornell Agricultural Workforce Development.
This webinar is free and open to all. To register, visit: www.FarmCreditEast.com/webinars. The webinar will be recorded for those who cannot attend live, and posted on Farm Credit East's webinars page for future reference.
Field Crops
Dairy
Business
Livestock
Grains
Upcoming Events
Is Grazing Sheep Beneath Solar Arrays and Opportunity for Your Future?
September 25, 2023
Mt. Morris, NY
Grazing sheep beneath utility-scale solar arrays can build wealth of present and future sheep farmers as vegetation management service providers and access to additional pasture. The Cornell Cooperative Enterprise Program (CEP) conducted a survey earlier this year completed by over 600 farmers. Farmers identified barriers to grazing sheep under solar arrays and weighed in on need for a producer-led organization to negotiate contracts on their behalf, coordinate logistics of multiple flocks, provide transport of sheep to and from the site, care for sheep while on-site, and provide supplemental mowing. Additional questions focused on processing and marketing needs.
Technology for Grazing Dairies Webinar
September 27, 2023
Join us for this free webinar! Brought to you by the dairy specialists of CCE NWNY and SWNY Dairy, Livestock and Field Crops Programs.
Protecting Against Murphy's Law: A FREE Live Seminar for Veterans.
October 4, 2023
What Can Go Wrong, Will Go Wrong!
Good ole' Murphy's Law is probably the best description of what it's like to be a farmer that there is! Join Cornell Cooperative Extension Farm Business Management Specialist, Katelyn Walley-Stoll, to learn more about the 5 areas of risk on farms and how to develop strategies to manage those risks. Participants will have the opportunity to identify areas of risk on their own farms and brainstorm ways to (try to) prevent the inevitable!
Registration is REQUIRED by visiting https://tinyurl.com/CCERisk or call Kelly at 585-268-7644.
Announcements
No announcements at this time.