This month's Knowledge Exchange Partner highlights a series of Industry Snapshots, compiled by Farm Credit East's Director of Knowledge Exchange, Chris Laughton. In addition to a summary of the national economy, northeast farm economy sectors such as dairy, timber and forest products, cash field crops, livestock, fruit, vegetables, greenhouse and fishing are included.
Ag Industry Trends & Outlooks
Knowledge Exchange Partner
Latest From Today's Harvest Blog
The dairy industry is inherently unpredictable. Market fluctuations, weather conditions and production variables all contribute to an unstable income landscape for dairy farmers. Dairy Revenue Protection, commonly referred to as DRP, is a federally subsidized program designed to help dairy producers manage revenue risk. This program offers dairy farmers a way to protect against unexpected declines in quarterly revenue from milk sales.
May 6, 2025
Featured Webinar
In the recent webinar, Farm Credit East, Horizon Farm Credit and CoBank Lead Economists, Tanner Ehmke and Jacqui Fatka, explore the latest insights on U.S. grain and biofuel markets. With record soybean and corn harvests, profitable storage options and recovering export demand, the landscape is shifting.
January 6, 2025
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The Farm Credit System today reported combined net income of $7.3 billion for the year ended December 31, 2022, as compared with $6.8 billion for the prior year. The System also reported combined net income of $1.8 billion for the fourth quarter of 2022, as compared with $1.6 billion for the fourth quarter of 2021.
February 22, 2023
The Farm Credit team believes in the future of agriculture. In fact, many members have roots in agriculture. In honor of National FFA Week (February 18-25, 2023), we recently polled our staff about their rural upbringings and FFA involvement. While the results weren’t surprising, we still found them impressive and wanted to share!
February 20, 2023
Farm Credit East hosted a discussion with Dr. Chris Wolf, Cornell University, in which he reviewed dairy markets in 2022, as well as provided an outlook for 2023. Wolf gave an overview of the economy, changes to milk production and sales, dairy markets around the world and other factors that may influence the coming year for dairy producers in the Northeast.
February 17, 2023
One of the biggest economic stories of 2022 was inflation — particularly with respect to energy, food and housing. What does 2023 look like? Christopher Wolf, PhD, Cornell University, gives a recap on the dairy industry in 2022, as well as an outlook for 2023.
February 13, 2023
Northeast Economic Engine
Download Farm Credit East’s Northeast Economic Engine report, which analyzes the economic impact of the Northeast agriculture, forest products, commercial fishing and food manufacturing industries. This report was released in October 2024.
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