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
May is Mental Health Awareness Month, which is a good time to check in on your own mental wellbeing and that of your family, staff, and loved ones.
May 14, 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 this month’s Knowledge Exchange Partner, Attorney L.J. D’Arrigo looks at the H-2A temporary work visa program, and the reforms which have been proposed by the U.S. Department of Labor, and the U.S. Customs and Immigration Service. The H-2A program allows foreign workers to legally come to the United States and work in temporary agricultural positions.
January 11, 2024
Between rate increases, tightening inventories, market volatility and the rising cost of inputs, the agricultural equipment and financing landscape is entering a distinctly different environment following years of unprecedented demand and high farm profitability. As we head into year-end, here are the major themes and factors impacting machinery purchases, financing activity and overall buyer sentiment.
November 14, 2023
This month's Knowledge Exchange Partner gives an overview of select futures markets as part of a 2024 agricultural economic outlook. Compiled by Farm Credit East's Director of Knowledge Exchange, Chris Laughton.
October 01, 2023
It’s National Dairy Month, and we couldn’t let the month of June pass by without recognizing the region’s largest agricultural sector — the dairy industry. Dairy and related processing constitute the top agricultural sector in the region, with more than $18.7 billion in direct sales, $34.6 billion in total economic impact and more than 120,000 jobs supported.
June 26, 2023
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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