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
Discover insights, trends, ag market outlooks and other topical information as it relates to the Northeast's diverse agricultural industries. Brought to you by Knowledge Exchange from Farm Credit East.
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Latest From Today's Harvest Blog
Ag Economy
2024 Grain and Oilseed Industry Outlook Summary
2023 had surprising results after a seemingly poor growing season. U.S. farmers are currently facing increasing export competition in a declining price environment. What will this mean for producer margins in 2024?
April 30, 2024
Featured Webinar
Ag Economy
2024 Maple Industry Outlook 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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Farm Credit
2023 Year-End Reminders
2023 year-end reminders from various Farm Credit East teams, including credit, tax and payroll, along with holiday office closures.
December 07, 2023
Business Tips and Tools
Farm Credit East: Your trusted payroll provider
Farm Credit East offers a customer relationship-based payroll service with assigned payroll specialists committed to offering unique and dedicated expertise in all facets of agricultural payroll, putting your business on track for foundational success.
September 05, 2023
Tax Talks
New York State Labor Credit Proposals
Labor costs remain a concern for agricultural producers in New York State. In today's Tax Talks, Senior Tax Consultant, Dario Arezzo outlines three tax credit proposals that may provide some relief from the high cost of labor. Two of them are existing credits that could be enhanced, while the other would be a new credit.
February 24, 2022
Tax Talks
Schedule F and Paycheck Protection Program Forgiveness
While Paycheck Protection Program information may be winding down, the reporting surrounding the loans is still important when preparing an accurate 2021 tax return. Senior Tax Consultant, Dario Arezzo explains the importance of correct PPP reporting when filing.
January 26, 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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