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
Featured Webinar
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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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
Knowledge Exchange Partner
Dairy Margin Coverage Might Not Pay Out This Year: Why it’s More Important than Ever to Consider It
Given the volatility in dairy markets, figuring out the best risk management strategy can be tricky. In this month’s Knowledge Exchange Partner, learn more about risk mitigation with the Dairy Margin Coverage program and crop insurance options that might fit your dairy business.
February 09, 2022
Crop Insurance
Reminder: Spring Crop Sales Closing
The deadline to insure spring crops in the northeast for the 2022 crop year is March 15, 2022. Insurable spring crops include field and vegetable crops such as corn, soybeans, barley, oats, fresh market sweet corn, cabbage, processing beans, processing sweet corn, dry beans, green peas, fresh market beans, tomatoes, tobacco and potatoes.
February 02, 2022
Business Tips and Tools
Setting Up Your Spring Crop Insurance Policy: Personalizing Your Unit Structure
Whether you're renewing your crop insurance policy, or signing up for the first time, choosing a unit structure for your policy can be tricky. Daniele Ricci, Crop Growers LLP, lays out the basic unit structures and gives an overview of how to determine the right structure for your operation.
January 19, 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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