Latest News

April 28, 2015
Important New Crop Insurance Deadline

Farm Credit East and Crop Growers LLP reminds producers of the conservation compliance requirement mandated in the 2014 Farm Bill. To be eligible for federal crop insurance premium support for the 2016 crop, producers must have an up-to-date and accurate AD-1026 form on file with USDA Farm Service Agency (FSA) before June 1, 2015.

April 20, 2015
Updated Industry Outlooks Released

Farm Credit East has released updated business outlooks for the dairy and grain industries, as well as input costs.

April 14, 2015
Knowledge Exchange Partner Released

This month’s issue looks at the economic impact of fruit and vegetable production in the Northeast. Then we tackle business planning 401: moving beyond basic financial management and onto advanced business management topics.

April 13, 2015
Farmer Veterans Invited to Attend the Farmer Veteran Exchange

Veterans involved in agriculture or those interested in getting started are invited to attend the Farmer Veteran Exchange on Friday, April 24, in Enfield, Connecticut. This free educational event will include veteran to veteran networking and training on farm risk management.

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2015 Director Elections

Four candidates have been elected to the Farm Credit East Board of Directors.

Farm Credit East is pleased to announce the results of the Association Director Election held by mail ballot during the past few weeks. Henry L. Huntington, Daniel J. Corey, Laurie K. Griffen and Peter Call were elected to positions on the Board. Thank you to those who served on the nominating and tellers committees and thank you to all candidates for their participation in the election process. Strong director candidates assure a vibrant and progressive association. We all benefit from the outstanding candidates who ran for election this year. Congratulations to this year's successful candidates!

Webinar on Dairy Farm Financial Report

Farm Credit East will host a webinar: Dairy Update – 2014 Summary Report / 2015 Outlook, for dairy farmers and other interested parties on Monday, May 4, at 11:00 AM. This webinar is free to participate. 

As part of the webinar, Farm Credit East will review the results of their 2014 Northeast Dairy Farm Summary and provide a 2015 dairy outlook. While dairy farms on the average had very strong earnings in 2014, farm milk prices have fallen dramatically since the beginning of the year.

Farm Credit East’s Dairy Farm Summary is used extensively throughout the Northeast to help farms benchmark their results and identify areas for potential improvement. This annual report compiles the financial results of hundreds of Northeast dairy farms to provide comparisons and analysis for individual producers to use in their own management. 

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Farm Credit East Pays $51 Million in Patronage Dividends

Farm Credit East distributed a record $51 million in cash patronage dividends to more than 11,000 farm, fishing and forestry business owners and operators across Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island.

As owners of their financial cooperative, Farm Credit East’s customers have the opportunity to share in the financial success of the cooperative through patronage dividends. Since the patronage program was first adopted, customer-owners of Farm Credit East (and predecessor cooperatives) have earned $544 million in dividends from ownership of their cooperative. This is the nineteenth consecutive annual patronage payment paid by Farm Credit East.

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