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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2023 Maple Syrup Outlook
In this month’s Knowledge Exchange Partner, Mark Cannella, Associate Professor with the University of Vermont Extension, gives insight into the maple industry in the U.S. and Quebec, important financial market factors and a strategic outlook for the year ahead.
March 01, 2023
Knowledge Exchange Partner
U.S. Maple Syrup Outlook
In this month’s second article, Mark Cannella, Extension Associate Professor at the University of Vermont, gives an outlook of the maple syrup industry for 2022.
May 03, 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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