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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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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Ag Economy
The Lobster Industry in 2022
In today's blog, Melissa Waterman, Maine Lobstermen's Association, gives a recap of the lobster industry in 2021, as well as an outlook for 2022. This paper, along with more highlighting other industry outlooks in the Northeast, can be found in Northeast Agriculture: 2022 Insights & Perspectives.
April 12, 2022
Ag Economy
2020 Dairy Farm Summary & 2021 Mid-Year Dairy Outlook
Farm Credit East’s Northeast Dairy Farm Summary is the most comprehensive economic analysis of the region’s dairy industry. The 2020 edition marks the 41st year of the report, which looks at the financial results of 204 Northeast dairy farms. Chris Laughton, editor of the report, reviewed and discussed the year that was for dairy. Jeremy Forrett, manager of Crop Growers LLP, discussed risk management options for current market conditions, and finally, Catherine de Ronde, of Agri-Mark delivered a price and market outlook for the second half of 2021.
June 23, 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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