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
Discover insights, trends, ag market outlooks and other topical information as it relates to the Northeast's diverse agricultural industries. Brought to you by Knowledge Exchange from Farm Credit East.
Knowledge Exchange Partner
Latest From Today's Harvest Blog
Ag Economy
2024 Grain and Oilseed Industry Outlook Summary
2023 had surprising results after a seemingly poor growing season. U.S. farmers are currently facing increasing export competition in a declining price environment. What will this mean for producer margins in 2024?
April 30, 2024
Featured Webinar
Ag Economy
2024 Maple Industry Outlook 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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Knowledge Exchange Partner
Inflation and Snarled Supply Chains: Is There Relief in Sight?
Earlier this year, the Knowledge Exchange Partner covered inflation and supply chain disruptions due to the ongoing COVID-19 pandemic with estimates on how the year might go. This month, we provide an update for 2021 and projections for 2022.
December 09, 2021
Knowledge Exchange Partner
Overtime for Agricultural Workers
In this month’s Knowledge Exchange Partner, read about various current and proposed agricultural labor overtime provisions across Northeast states, including New York, Maine and Massachusetts.
November 09, 2021
Knowledge Exchange Partner
Update on Government Relief Programs
Since the emergence of COVID-19 in early 2020, the U.S. Federal Government has put forth a large number of economic relief programs in an attempt to shore up the overall economy, as well as to support farming, fishing and forestry more specifically. This month's Knowledge Exchange Partner provides a summary of some major economic relief programs and their current status.
October 06, 2021
Knowledge Exchange Partner
Workforce Development for Agriculture
Farmers, fishermen and forest product producers have long been saying that it's difficult to get entry-level workers. Due to increased mechanization and complexity in these operations, today's producers are struggling to find higher-skilled workers as well. Read this month's Knowledge Exchange Partner for a multi-pronged approach to find, keep and develop a strong team of skilled employees.
September 03, 2021
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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