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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Crop Insurance
Protect Your Harvest from the Fury of Hail with Crop Growers Crop Insurance
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
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
Two Powerful Safety Nets for Dairy Producers – Are You Covered?
As dairy producers know all too well, the dairy industry is prone to significant volatility and risk. Fluctuations in milk prices, feed costs and other factors can wreak havoc on profit margins. Fortunately, there are two important risk management tools available to dairy operations, Dairy Margin Coverage and Dairy Revenue Protection.
April 02, 2024
Crop Insurance
Crop Insurance Provides Certainty Against Unpredictable Weather
Crop insurance can protect against financial losses from weather-related crop damage and quality reductions. Its purpose is to ensure farmers can continue operating after a difficult season. In a year like 2023, being insured against these types of weather events can make or break a business.
February 22, 2024
Crop Insurance
Reminder: Spring Crop Sales Closing
The deadline to insure spring crops in the northeast for the 2024 crop year is March 15, 2024. Insurable spring crops include field and vegetable crops such as corn, soybeans, barley, oats, fresh market sweet corn, cabbage, processing beans, processing sweet corn, dry beans, green peas, fresh market beans, tomatoes, tobacco and potatoes.
February 06, 2024
Crop Insurance
3 Special Crop Insurance Options for Northeast Potato Growers
2023 was a wet growing season in the Northeast. As a result, the more than 240 Northeast potato producers growing 63,000 acres of potatoes endured a tough growing season loss. Many Northeast potato farmers use crop insurance to help manage this risk. Below are three endorsements that tailor the USDA RMA potato crop insurance policy for potato operations.
January 30, 2024
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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