Ag Industry Trends & Outlooks

Farm Credit East and speaker Zach Harding from The Andersons, Inc., recently presented a grain and oilseed outlook webinar. Zach reviewed the 2021 corn and soybean markets and shared projections for 2022 markets. Discussion included the recent January WASDE report, biofuels production and demand, current South American production and Chinese demand.

Farm Credit East recently hosted a discussion of lumber markets, pulpwood and biomass, as well as the health of the forest industry supply chain going into 2022. Eric Kingsley, a forest industry consultant with Innovative Natural Resource Solutions LLC, presented his data and perspective on the region’s forest products markets and potential impacts on the economy.

CEU Credits have been approved for: MA (1.0-Cat 1), SAF (1.0-Cat 1), CT (1.0). Other NE States applied for.

2021 was a crazy year with the impact of COVID-19 on schools and foodservice markets still being felt. What does 2022 look like? Dr. Chris Wolf, Cornell University, presented Farm Credit East’s annual dairy outlook webinar.  Dr. Wolf gave an overview of the economy, changes to milk production and sales, dairy markets around the world, and other factors that may influence the coming year for dairy producers in the Northeast. 

Pursuant to the Farm Laborers Fair Labor Practices Act (FLFLPA), the state of New York has assembled a wage board to consider changes to the overtime wage threshold for farmworkers. The threshold is currently 60 hours per week. The wage board can recommend that the threshold remain at 60 hours, or that it be reduced. This report outlines the economic impact that changes to the overtime threshold could have on the agricultural sector in New York.