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
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
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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March 01, 2022
The Farm Credit System today reported combined net income of $6.8 billion for the year ended December 31, 2021, as compared with $6.0 billion for the prior year. The System’s combined net income was relatively unchanged at $1.6 billion for the fourth quarter of 2021, as compared with the fourth quarter of 2020.
February 23, 2022
Today’s blog continues our series focusing on Farm Credit East’s ESG efforts. Buffalo Go Green is a Buffalo, N.Y., based organization that aims to both expand access to fresh, healthy food, while also growing diversity within the agriculture industry.
February 15, 2022
Buying a rural home or property can seem like a daunting task, especially for a first-time home buyer. In today's blog, Country Living Mortgage Specialist, Kali Kraeger, outlines what you can expect to happen during the loan application cycle from start to finish.
February 08, 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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