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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Crop Insurance
Crop-Hail Coverage: Providing Peace of Mind in the Middle of the Storm
Hail can be a true catastrophe for agricultural businesses. The damage caused by hailstones can destroy a portion of a crop and result in significant financial losses for farmers. Crop-hail insurance is an essential tool for managing this risk.
May 09, 2023
Crop Insurance
Risk Management Agency Adds Tropical Storm Option to Hurricane Insurance Protection-Wind Index Endorsement
Farm Credit East and Crop Growers, LLP are pleased the Risk Management Agency (RMA) has announced the addition of Tropical Storm (TS) coverage as an option to the Hurricane Insurance Protection-Wind Index (HIP-WI) endorsements for the 2023 crop year.
April 18, 2023
Crop Insurance
Livestock Gross Margin Protection - Dairy, Cattle and Swine coverage
LGM is a livestock product that protects producers from declining product prices and increasing feed costs. There are separate programs for dairy, beef cattle and swine, but the program works relatively the same for each.
April 10, 2023
Crop Insurance
Understanding Your Milk Check
Understanding your milk check is a crucial piece to your operation’s revenue and risk management strategy. Milk checks vary between cooperatives and who you sell your milk to, but breaking it down by how the line items on your check are calculated can help you determine your mailbox price and what you are paid.
March 07, 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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