The Bottom Line No. 4

In this issue: DOL minimum salary increase for ‘exempt’ positions effective July 1! New federal Final Rule for H2A labor protections take effect on June 27. Point of Sale data can help you improve your returns at markets. Cornell Ag Workforce Farm-Provided Housing guide is available. USDA-FSA farm storage loans and upcoming programs

The Bottom Line No. 3

In this issue: US House Ag Labor Working Group releases H2A policy recommendations. How produce farms in New York are adapting to increased labor costs. Sources for ag data from USDA Economic Research Service you can use for your next grant or business plan. USDA Rural Energy for America Program (REAP) is accepting applications as well as USDA FSA farm labor housing loans and updates to other grant programs. Upcoming business programs.

The Bottom Line No. 2

Bottom Line No. 2, April 10, 2024. In this issue: Cash rent and custom labor survey and farm employee benchmark survey. Updated information about the resilient food infrastructure program grant is available. NY FarmNet publication to help guide retirement planning for farmers.  Upcoming business programs.

The Bottom Line No. 1

No 1, March 27, 2028: FSA disaster loans are available in Clinton and Essex counties, research-based tips for getting more $$$ from U-Pick customers, a new NYS DOL portal to identify and hire asylum seekers and an upcoming webinar with details about hiring asylum seekers on your farm April 5th. Also in this issue, there are many open grant opportunities for farms open this spring and a list of upcoming farm business webinars.

Calculating Break-Even Price or Sales Volume, or how will I know when the price is too low?

Every farmer has faced a scenario where they wonder if it’s worth planting or harvesting a crop. Knowing the price you need to receive or the volume you need to sell at a given price (or some combination of the two) can be helpful in determining whether or not an enterprise is likely to be profitable. A cost/volume/price analysis is the method that you can use to do this calculation.

Overtime Tax Credit

Eligible farm employers will be able to apply for the Farm Employer Overtime Tax Credit starting this year to help offset the cost of the overtime premium. Both the state Departments of Agriculture and Markets, and Tax and Finance have set up webpages to help explain this new tax credit and how to apply for it.