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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A Healthy Farm Starts with a Healthy You
May is Mental Health Awareness Month, which is a good time to check in on your own mental wellbeing and that of your family, staff, and loved ones.
May 14, 2024
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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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Ag Economy
2023 Outlook for the Forest Products Industry
Forest Economic Advisors, LLC (FEA) examines the forest product markets over the coming year. Rising interest and mortgage rates will most likely cause economic activity to slow in 2023. This is expected to be short lived, however, with optimism on the horizon in 2024. Read the full report.
February 28, 2023
Ag Economy
2022 Northeast Forest Products Review and Outlook
In today's blog, Eric Kingsley, Innovative Natural Resource Solutions LLC, gives a review on the northeast forest products industry in 2021, as well as an outlook for 2022. This paper, along with more highlighting other industry outlooks in the Northeast, can be found in Northeast Agriculture: 2022 Insights & Perspectives.
May 10, 2022
Ag Economy
2022 Northeast Forest Products Industry Outlook
Farm Credit East recently hosted a discussion of lumber markets, pulpwood and biomass, as well as the health of the forest industry supply chain going into 2022. Eric Kingsley, a forest industry consultant with Innovative Natural Resource Solutions LLC, presented his data and perspective on the region’s forest products markets and potential impacts on the economy.
CEU Credits have been approved for: MA (1.0-Cat 1), SAF (1.0-Cat 1), CT (1.0). Other NE States applied for.
January 25, 2022
Ag Economy
Lessons from the Pandemic: Northeast Fiber System's Resilience
In our final installment of the Lessons from the Pandemic series, we shift from the impact on the food system to the impact on the Northeast’s fiber system. The timber industry reacted quickly to the pandemic, promptly curtailing production, but soon found demand for many wood products would actually increase.
June 08, 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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