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Positioning for Financial Success

August 21, 2018

Every farmer, fisherman or forest product producer defines success differently. For some, success is measured strictly in dollars and cents: the “bottom line.” Others make non-financial goals a priority. Nonetheless, every successful producer shares a few key management and financial practices. Here are some practices recommended by Dr. David Kohl, an agricultural economist specializing in farm business management.

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  • Customer Assistance Program

    As a customer-owned cooperative, Farm Credit East is committed to providing the services and resources that our members need. That is why we are now offering a customer assistance program at no cost to you. Farm Credit East customers and family members may access the assistance/counseling services of ESI Group by calling 800-252-4555 or visiting theEAP.com. All you need to indicate to use this complimentary service is that you are a Farm Credit East customer. Learn more

    Farm Credit East: Strong at the Roots

    When we say we are strong at the roots, this means far more than just another year of growth and profitability. It means that we continue to build for the future on a strong foundation that extends beyond the walls of our branch offices. We are committed to finding new ways to deepen our customer commitment, remain innovative in our offerings and bring value to the businesses we serve. Featured at Farm Credit East's Annual Meeting, please enjoy our video, Strong at the Roots. View the 2017 Farm Credit East Annual Report

  • In The News

    • A Challenging Year for Northeast Producers
      August 16, 2018

      Farm Credit East recently released its mid-year Agricultural Credit Conditions report indicating net-farm income in its seven-state region will continue to fall in 2018, coming in somewhat below 2016 levels. While several industries, including cash field crops and dairy, continue to deal with low prices, the outlook is brighter in other industries.

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    • Latest Farm Credit East Financials Released
      August 9, 2018

      Farm Credit East posted strong financial results for the six month period ending June 30, 2018. The full report is now available.

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    • Farm Credit East Celebrates Northeast Agriculture During National Farmers’ Market Week
      August 3, 2018

      Farm Credit East celebrates the bounty of farm fresh produce available in the Northeast during National Farmers’ Market Week, which takes place August 5 through 11. The more than 1,600 farmers’ markets across the Northeast provide an important link between farms and consumers, both in rural and urban communities. Farm Credit East encourages consumers to show their support of the agriculture community through their purchases from local farmers’ markets and roadside stands.

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Knowledge Exchange

vegetables

Knowledge Exchange Partner

Direct to Consumers: A look at Farmers’ Markets in the Northeast

Farmers’ markets are located in all U.S. states and territories, but they are most concentrated on the east and west coasts. Of the 8,742 markets on the USDA list, 19 percent of them are located in the Northeast. With National Farmers’ Market Week starting August 5, we provide an overview of Northeast farmers’ markets and their importance as a marketing channel for many Farm Credit East customers who sell directly to consumers.

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  • Reports

    Northeast Farm Economy Mid-Year Update

    Our annual mid-year agricultural conditions report begins with an outlook on net farm income in Farm Credit East’s seven-state territory. This year’s report reviews the latest tariffs and trade disputes, which have left producers concerned about what the future holds. Input cost inflation for Northeast producers is also discussed. Finally, a summary of yearly progress is given for the dairy, cash field, timber, livestock, fruit, aquatic, greenhouse and vegetable industries.

  • Webinars

    Annual Northeast Dairy Farm Summary

    Given low milk prices, the past several years have been challenging for dairy producers. How did Northeast dairy producers manage last year? The Annual Northeast Dairy Farm Summary webinar was held on May 01. An important study of Northeast dairy economics, this year’s DFS report summarizes the financial performance of Northeast farms in 2017.

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