Taxes and Money
Tax breaks for New York farmers and veterans, plus where to find farm loans and grants.
Taxes and Money
New York State Taxes
NY Agricultural Tax Exemptions & Credits
Reduced property tax assessments, a 10-year credit for new farm buildings, and the Farmers’ School Tax Credit - statewide programs saving NY farmers an estimated $170 million a year.
NYS Veterans' Property Tax Exemption (RPTL Section 458)
Guidance on the eligible funds exemption, recent legislative changes, and how to apply in your county or municipality.
NY Historic Barn Tax Credit
A 25% state income tax credit for fixing up a barn built before 1946. No historic register listing needed.
Federal Taxes
Farm Tax Guide: Federal & NY Tax Breaks
Section 179, 100% bonus depreciation, IRS Publication 225, and New York farm credits and exemptions in one guide.
How to Choose a Farm Accountant
What to look for, how to check a CPA, EA, or PTIN, questions to ask, and where to find a preparer who knows farms.
Loans and Grants
Grants for New York Farmers
Grants, cost-share programs, and low-cost loans for farmer veterans and anyone farming in New York, plus free tools to help you apply.
Farm Credit East - NY Branch Network
Eleven branches statewide offer loan discounts and service-fee waivers for veteran and beginning farmers, plus AgEnhancement community grants ($500-$10,000, deadlines Apr 1 / Aug 1 / Dec 1). Find your nearest branch on your region’s resource page, or call the co-op at (800) 562-2235.
Veteran Small Business Grants
Two national grant programs for veteran-owned small businesses: the Military Entrepreneur Challenge ($1,000-$15,000) and the Stephen L. Tadlock Veteran Grant.
Northeast SARE Farmer Grants
USDA-funded grants of about $5,000 to $30,000 for farmers testing new ideas on their own farms.
