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
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Latest From Today's Harvest Blog
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
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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February 24, 2022
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.
October 27, 2021
Farmers, fishermen and forest product producers have long been saying that it's difficult to get entry-level workers. Due to increased mechanization and complexity in these operations, today's producers are struggling to find higher-skilled workers as well. Read this month's Knowledge Exchange Partner for a multi-pronged approach to find, keep and develop a strong team of skilled employees.
September 03, 2021
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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