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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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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Farm Credit East hosted a discussion with Dr. Chris Wolf, Cornell University, in which he reviewed dairy markets in 2022, as well as provided an outlook for 2023. Wolf gave an overview of the economy, changes to milk production and sales, dairy markets around the world and other factors that may influence the coming year for dairy producers in the Northeast.
February 17, 2023
One of the biggest economic stories of 2022 was inflation — particularly with respect to energy, food and housing. What does 2023 look like? Christopher Wolf, PhD, Cornell University, gives a recap on the dairy industry in 2022, as well as an outlook for 2023.
February 13, 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
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
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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