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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March 08, 2023
Farm Credit East hosted a discussion of lumber markets, pulpwood and biomass, as well as the health of the forest industry supply chain going into 2023. Paul Jannke, a forest industry expert with FEA, presented his perspective on the region’s forest product markets.
March 02, 2023
Challenges in milk transportation are not new. This report focuses on 2023 qualitative information, rather than quantitative statistics including, Key Challenges Facing Milk Haulers, and Possible Areas for Improvement.
March 01, 2023
Forest Economic Advisors, LLC (FEA) examines the forest product markets over the coming year. Rising interest and mortgage rates will most likely cause economic activity to slow in 2023. This is expected to be short lived, however, with optimism on the horizon in 2024. Read the full report.
February 28, 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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