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National Economy Snapshot

August 10, 2022

In today's blog, read our latest analysis of the current state of the economy. Including a look at trends in inflation and net farm income.

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  • Be Aware of Postcard Scam

    Farm Credit East has been made aware of a postcard scam targeted at customer loan accounts. The postcards appear to come from Daytona Beach, Florida. Please be aware that this is in no way authorized by or affiliated with Farm Credit East. If you receive one of these postcards, please discard them. We strongly recommend that you DO NOT contact the number provided on the postcard. If you have any questions about whether a notification from Farm Credit East is legitimate, please contact your local branch office. 

    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 offer assistance and counseling services through the ESI Group, at no additional cost to our customers. Visit FarmCreditEast.com/cap for more information.

  • In The News

    • Farm Credit East Announces Support for Farmers’ Markets During National Farmers’ Market Week
      In conjunction with National Farmers’ Market Week, Farm Credit East is announcing its recent awarding of $43,500 in small grants to 84 farmers’ markets across the Northeast. Farm Credit East recognizes that farmers’ markets are an important channel for many of the region’s producers to distribute farm fresh produce to both rural and urban consumers.
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    • Students Earn Career Training at Farm Credit East
      Farm Credit East was pleased to host 18 college students with career aspirations in production agriculture, agribusiness, accounting, finance or related fields this summer as part of its internship program. As the interns' summer experiences comes to a close, we thank each of them for their efforts which will contribute lasting value and information for association initiatives and future planning.
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    • Farm Credit East Awards $65,000 in Higher Education Scholarships
      Farm Credit East, the Northeast’s largest agricultural lender, recently awarded $65,000 in higher education scholarships to 38 student recipients. Farm Credit East’s scholarship program supports students with diverse career aspirations in agriculture, commercial fishing, forest products and related fields from across the association’s eight-state territory, including three diversity candidate recipients.
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Knowledge Exchange

Knowledge Exchange Partner

The Federal Reserve’s Actions on Interest Rates and What it Means for Farm Credit East Borrowers

In this month’s Knowledge Exchange Partner, Farm Credit East Chief Financial Officer, Andrew Grant, explains the reasoning behind the Federal Reserve raising interest rates and what potential impacts it could have on Farm Credit East borrowers.

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New Farmer Programs