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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Latest From Today's Harvest Blog
Crop Insurance
Protect Your Harvest from the Fury of Hail with Crop Growers Crop Insurance
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
Ag Economy
2024 Maple Industry Outlook 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
FARM CREDIT SYSTEM REPORTS FIRST QUARTER 2024 COMBINED RESULTS
NEW YORK - The Farm Credit System today reported that combined net income increased 15.9% to $2.0 billion for the first quarter of 2024, as compared with $1.7 billion for the same period of the prior year.
May 07, 2024
Farm Credit
Be aware of deceptive mortgage junk mail
Farm Credit East is reminding customers to be aware of official-looking mailings from companies posing as Farm Credit East. Learn more about what to look out for, and when in doubt, contact us directly to verify.
March 26, 2024
Farm Credit
FARM CREDIT SYSTEM REPORTS NET INCOME OF $7.4 BILLION FOR 2023
The Farm Credit System today reported combined net income of $7.4 billion for the year ended December 31, 2023, as compared with $7.3 billion for the prior year.
February 23, 2024
Farm Credit
Farm Credit East Offices Closed February 19
Farm Credit East offices will be closed on Monday, February 19, in observance of Presidents' Day.
February 14, 2024
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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