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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Business Tips and Tools
Understanding your Cost of Production
Risk management is the name of the game. If you know your Cost of Production (COP), your risk management strategy can set you up to preserve three things: liquidity, equity for future investments and equity for retirement.
February 06, 2023
Business Tips and Tools
Tips for Managing your Business in an Inflationary Environment
Topping news headlines is inflation and its impact on the U.S. economy. As measured by the Consumer Price Index, inflation is currently running in the 8% range and prices are rising at a rate we haven’t seen since the early 1980s. Learn strategies for producers to manage through the current inflationary environment.
July 19, 2022
Business Tips and Tools
Will That Purchase Pay For Itself?
Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, examines how to prioritize capital investments using a variety of strategies, including partial budgeting,
June 07, 2022
Business Tips and Tools
Setting Up Your Spring Crop Insurance Policy: Revenue Protection Vs. Yield Protection
As the March 15 deadline to finalize risk management plans for the year approaches, producers are faced with an important decision: revenue vs. yield protection. Daniele Ricci, Crop Growers LLP, gives an overview of the policies, and how to determine the right protection for your operation.
February 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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