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
Ag Economy
2024 Grain and Oilseed Industry Outlook Summary
2023 had surprising results after a seemingly poor growing season. U.S. farmers are currently facing increasing export competition in a declining price environment. What will this mean for producer margins in 2024?
April 30, 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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Crop Insurance
Reminder: Perennial Crop Sales Closing
The deadline to insure Northeast perennial crops for the 2023 crop year is November 20, 2022. Insurable perennial crops include apples, peaches, grapes, cranberries, blueberries, pears and cherries.
October 02, 2022
Crop Insurance
Risk Management Agency Expands Crop Insurance Programs for New Jersey Apple, Grape and Peach Growers
Farm Credit East is pleased the Risk Management Agency (RMA) has approved the expansion of several crop insurance programs for New Jersey growers for the 2023 crop year.
August 21, 2022
Crop Insurance
Reminder: Spring Crop Sales Closing
The deadline to insure spring crops in the northeast for the 2022 crop year is March 15, 2022. Insurable spring crops include field and vegetable crops such as corn, soybeans, barley, oats, fresh market sweet corn, cabbage, processing beans, processing sweet corn, dry beans, green peas, fresh market beans, tomatoes, tobacco and potatoes.
February 02, 2022
Crop Insurance
Reminder: Perennial Crop Sales Closing
The deadline to insure Northeast perennial crops for the 2022 crop year is November 20, 2021. Insurable perennial crops include apples, peaches, grapes, cranberries, blueberries, pears and cherries. Coverage availability varies by county, so please view the crop fact sheets available at CropGrowers.com.
October 20, 2021
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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