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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Tax Talks
Handling State Tax Refunds from Business Tax Credits
With many taxpayers having filed their 2023 taxes, refunds are appearing in their bank accounts. There may be a question of what to do with these funds. Particularly for those in states that had an expansion of refundable credits generated from farm businesses.
May 29, 2024
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Business Tips and Tools
2024 Beneficial Ownership Information Webinar
In this webinar Farm Credit East experts will discuss the requirements of Beneficial Ownership Information Reporting including what entities are required to report, what entities are exempt, and how to determine who the beneficial owners are. We’ll cover the timelines for reporting, what information is needed to complete the filing, and when updates will be required to the initial filing.
June 10, 2024
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Crop Insurance
Whole Farm Revenue and Micro Farm Crop Insurance is Worth Another Look
Many farmers think of crop insurance as only relevant for large row-crop growers. But if you’re a diversified farm, there are new options that are worth another look, particularly in light of recurring natural disasters that have been hitting the region.
September 25, 2023
Crop Insurance
Protect Your Milk Money
At the beginning of this year, many economists were projecting dairy prices to be lower than 2022, but the year so far has turned out differently than expected. Dairy Revenue Protection is a quarterly risk management program that protects dairy producers from unexpected declines in milk prices, thereby protecting milk money. With the volatility we’ve seen thus far this year, is your milk money protected?
September 12, 2023
Crop Insurance
Risk Management Agency Expands the Margin Protection Program
Farm Credit East is pleased the Risk Management Agency (RMA) has approved the expansion of the Margin Protection Program for the 2024 crop year. This expansion will be beneficial to many Northeast growers and producers of corn and soybeans.
August 21, 2023
Crop Insurance
Next Steps for Northeast Producers Affected by Flooding and Excessive Rainfall
The recent Northeast flood events have been devastating for agricultural producers in the affected areas, with those in Vermont, New Hampshire, Massachusetts and Connecticut particularly hard hit. So what should affected farmers do now?
August 01, 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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