Ag Industry Trends & Outlooks

With harvest upon us, apple bins are being filled and moved into storage. While this is a busy time of year for growers, it’s important to ensure you are proactively keeping track of production. We all have different ways to capture production information — whether it be a software with bin tags, hard copy logs from each trucker or sales records. The most important thing is the record keeping is done accurately.  

This month’s Knowledge Exchange Partner features a collection of Industry Snapshots curated by Chris Laughton, Director of Knowledge Exchange at Farm Credit East. Alongside an overview of the national economy, the report covers key sectors of the Northeast farm economy, including dairy, timber and forest products, cash field crops, livestock, fruit, vegetables, greenhouse production, and fishing.

Read our latest analysis of the current state of the fruit and wine industry.

The Northeast U.S. frequently experiences severe weather, including hail, which can severely damage crops and lead to major financial losses for farmers. Due to the unpredictable nature of hailstorms, crop-hail insurance is a crucial safeguard for agricultural businesses. This type of insurance helps cover losses from reduced crop quality and yield caused by hail damage.