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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Farm Credit East and Crop Growers, LLP are pleased the Risk Management Agency (RMA) has announced the addition of Tropical Storm (TS) coverage as an option to the Hurricane Insurance Protection-Wind Index (HIP-WI) endorsements for the 2023 crop year.
April 18, 2023
LGM is a livestock product that protects producers from declining product prices and increasing feed costs. There are separate programs for dairy, beef cattle and swine, but the program works relatively the same for each.
April 10, 2023
Understanding your milk check is a crucial piece to your operation’s revenue and risk management strategy. Milk checks vary between cooperatives and who you sell your milk to, but breaking it down by how the line items on your check are calculated can help you determine your mailbox price and what you are paid.
March 07, 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
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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