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.
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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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Crop Insurance
Crops Growers Hosts Webinar: How Fruit Crop Insurance Responds After a Loss
Fruit Crop Insurance Program – How Crop Insurance Responds After a Loss will be hosted on Thursday, July 6, at 12:00 p.m. EST. During this webinar, Crop Growers crop insurance specialists will discuss how crop insurance policies respond to losses and what steps farmers need to take in the event of a loss.
June 30, 2023
Ag Economy
Economic Impact of the Cranberry Industry to Massachusetts
The following profile illustrates the cranberry industry’s total economic impact in Massachusetts. It is based on data from a 2023 economic analysis conducted by Farm Credit East.
June 06, 2023
Crop Insurance
Crop-Hail Coverage: Providing Peace of Mind in the Middle of the Storm
Hail can be a true catastrophe for agricultural businesses. The damage caused by hailstones can destroy a portion of a crop and result in significant financial losses for farmers. Crop-hail insurance is an essential tool for managing this risk.
May 09, 2023
Knowledge Exchange Partner
Farm Credit East Knowledge Exchange Industry Snapshots
This month's Knowledge Exchange Partner highlights a series of Industry Snapshots, compiled by Farm Credit East's Director of Knowledge Exchange, Chris Laughton. In addition to a summary of the national economy, northeast farm economy sectors such as dairy, timber and forest products, cash field crops, livestock, fruit, vegetables, greenhouse and fishing are included.
May 03, 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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