Farm Credit East releases information analyzing the economic impact of agriculture on the Northeast’s economy.
The agricultural, commercial fishing and forest products industries are key economic engines in the Northeast according to an economic impact report recently released by Farm Credit East, the largest lender to Northeast agriculture.
The report found that the 79,485 farms and related businesses throughout the eight-state region of Connecticut, Maine, Massachusetts, New Jersey, New York, New Hampshire, Rhode Island and Vermont produced an estimated $103 billion in economic activity and resulted in 483,375 jobs on and off the farm.
“Agriculture, forest products and commercial fishing play a major part in our economy, resulting in jobs, local food and fiber production and economic activity in hundreds of communities,” said Bill Lipinski, Farm Credit East CEO. “These industries have a bright future here in the Northeast and with appropriate state policies and community support will continue to enhance our Northeast economy.”
Today's Harvest: Where agriculture means business.
To provide those interested in Northeast agriculture increased information and resources related to the diverse farming, forestry and commercial fishing industries in the Northeast, Farm Credit East has launched a blog called Today's Harvest: Where agriculture means business. Check it out by clicking here. To stay up to date on new posts, feel free to subscribe to our blog by entering your email address in the Get the Updates section.