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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On March 14, 2024, Chris Gerlach, USApple’s Director of Industry Analytics reviewed data on holdings, movement, trade, and prices to see how markets are reacting to, what is by all accounts, a banner year.
March 14, 2024
Last year saw a marked decline in milk prices from 2022. Feed and fuel costs declined to a lesser extent, but many other expenses increased, reducing margins for dairy producers. Farm Credit East and Crop Growers crop insurance recently hosted a webinar to provide a 2024 outlook for the Northeast dairy industry.
February 06, 2024
What does 2023 look like for the dairy industry? Marin Bozic gives a recap of ’22, pricing outlook for ’23, and long-term trends in markets and policy. Following, Gregg McConnell discussed using that information to personalize a risk management approach for your farm.
January 19, 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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