After a rapid rise in 2021 and 2022, the Farm Credit East Production Cost Index has plateaued after relatively modest increases over the previous decade. This index tracks farm production costs on a relative basis, weighted towards costs that affect Northeast producers most. Major components of the index include labor, energy, family living expenses, crop inputs, as well as costs like animal feed and other dairy-related expenses, given that sector’s prominence in our region.
Ag Industry Trends & Outlooks
Knowledge Exchange Partner
Latest From Today's Harvest Blog
Crop Growers, the insurance provider of Farm Credit East, provides coverage for reduced quality and production of crops resulting from hail events, giving acre-by-acre protection that can cover up to the full value of the crop.
May 8, 2024
Featured Webinar
Farm Credit East hosted Mark Cannella of the University of Vermont for a look at the Maple syrup and sugar industry in 2024.
April 10, 2024
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In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.
April 11, 2024
Farm Credit East business consultants give their top tips for managing your ag retail businesses in this inflationary environment in today's blog, Finding Opportunities in your Ag Retail Businesses amidst Inflation.
August 02, 2022
In this month’s Knowledge Exchange Partner, hear from seven Farm Credit East business consultants and get their take on what business owners can do to cope with these rising prices and supply chain disruptions.
July 07, 2022
Whether you're planning for a banner year or bracing for the worst, the main factors in any business are planning and communication. Farm Credit East Business Consultant, Ethan Robertson, gives some specific examples of planning for the year ahead, as well as succession planning for further into the future.
March 22, 2022
Northeast Economic Engine
Download Farm Credit East’s Northeast Economic Engine report, which analyzes the economic impact of the Northeast agriculture, forest products and commercial fishing industries. This report was released in November 2020.
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