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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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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Emergency Relief Program (ERP) phase one closed on December 16, 2022. Phase two opened on January 23rd and runs through June 2, 2023. The funds appropriated by Congress will be distributed through the Emergency Livestock Relief Program (ELRP) and the ERP. Regarding ELRP, the Farm Service Agency will release more information once they have finished its analysis on the 2021 drought and wildfire impacts on livestock producers.
January 30, 2023
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
Onions are a specialized high-value crop, so it is essential to understand their insurance policy. Onions fall under the Multi-Peril Crop Insurance Approved Production History policy. In other words, anything Mother Nature throws at the crop is covered. Is your crop covered?
January 09, 2023
As you wrap up your spring crop planting season, attention to detail is key when reporting your planted acres. Whether you are reporting to the Farm Service Agency (FSA) or to your Crop Growers crop insurance agent, make sure your report is accurate. Read more for key due dates and best practices.
June 28, 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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