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
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Latest From Today's Harvest Blog
Crop Growers, the insurance provider of Farm Credit East, provides coverage for reduced quality and production of crops resulting from hail events, giving acre-by-acre protection that can cover up to the full value of the crop.
May 8, 2024
Featured Webinar
Farm Credit East hosted Mark Cannella of the University of Vermont for a look at the Maple syrup and sugar industry in 2024.
April 10, 2024
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Farm Credit East and Cosponsor, the Martha’s Vineyard Agricultural Society hosted a free webinar on Agricultural Business Basics – Farm Financial Management.
February 01, 2024
Farm Credit Connect, Farm Credit East's customer portal provides customers with a secure environment to complete transactions and interact with their Farm Credit East team. Learn more about the features and benefits of using Farm Credit Connect to compliment your Farm Credit East relationship.
January 04, 2024
Join Harris Beach PLLC and Farm Credit East for a series of four webinars focusing on getting the seasonal workers you need, legally.
One of the most pressing issues facing seasonal businesses continues to be labor – specifically how to secure reliable employees to fill seasonal and permanent needs. In this webinar series, presenters will navigate the complex maze of the H-2B non-agriculture and H-2A agricultural visa programs to provide an overview of visa requirements, procedures, compliance and employer obligations. Foreign labor options to fill permanent labor needs at farms and seasonal businesses will also be discussed.
November 29, 2022
Every farmer, fisherman or forest product producer defines success differently. For some, success is measured strictly in dollars and cents: the “bottom line.” Others make non-financial goals a priority. These non-financial goals may be very important, but even so, positive earnings are a requirement to achieving them. Read more for five of our best practices for financial success.
October 17, 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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