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
May is Mental Health Awareness Month, which is a good time to check in on your own mental wellbeing and that of your family, staff, and loved ones.
May 14, 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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Pasture, Rangeland, and Forage (PRF) is a highly subsidized risk management plan geared toward hay producers or those producing hay for grass fed cattle. Did you know that snowfall creates the water table for the following growing season. If there is less snowfall than the past 50+ years’ average, there will be less water, and your PRF policy could pay you an indemnity.
November 14, 2022
Learn all about the Dairy Margin Coverage (DMC) risk management program in this month’s Knowledge Exchange Partner, including coverage options, limitations and the deadline to sign up.
November 01, 2022
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 is one of the most important tools you can have in your proverbial “toolbox.” There are many types of policies that can be tailored to your operation and what you’re growing. Crop insurance can provide coverage on a variety of naturally occurring peril. And when one of these perils occurs, you need to know how and when to file a claim.
September 26, 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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