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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Business Tips and Tools
7 Strategies for Smart Liquidity Management
Simply defined, liquidity is having cash or assets on hand to pay bills and expenses. Liquidity is particularly important in agriculture given the unique risks – from fluctuating commodity prices and weather volatility to regulatory constraints — along with the financial characteristics of agricultural businesses, including seasonality, family living needs and capital investment considerations.
May 21, 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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Tax Talks
Employee Retention Credit Guidance Floodgates Open
Today’s Tax Talks provides taxpayers some important updates regarding the Employee Retention Credit (ERC).
August 26, 2021
Tax Talks
New York State Provides COVID-19 Relief to Small Businesses
While much of the federal assistance has tapered, many states have begun looking at ways to provide relief to small businesses hit hard by the COVID-19 pandemic. In today's blog, we’ll focus on New York State’s COVID-19 Pandemic Small Business Recovery Grant Program.
July 27, 2021
Tax Talks
Converting Capital Gains into Ordinary Income: Related Party Pitfalls
The tax code can be very confusing for agricultural businesses at times. Senior Tax Consultant, Dario Arezzo, dissects one of these instances — related party transfers — in today's Tax Talks blog.
June 30, 2021
Tax Talks
Estate Planning in Uncertain Times
Every so often, there are years when estate planning becomes the hot topic among farmers. With several proposals circulating in Washington, D.C., it appears that 2021 will be one of those years.
May 26, 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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