Ag Industry Trends & Outlooks

2021 was a remarkable year for the nursery, sod and greenhouse industries. After initial disruptions due to the COVID-19 pandemic, customer demand for lawn and garden products surged, and sales were generally up overall for the green industry. As we enter 2022, there is optimism, but a great deal of uncertainty as well. Dr. Charlie Hall, of Texas A&M University, gave an overview of the Green Industry outlook for 2022.

Farm Credit East and speaker Zach Harding from The Andersons, Inc., recently presented a grain and oilseed outlook webinar. Zach reviewed the 2021 corn and soybean markets and shared projections for 2022 markets. Discussion included the recent January WASDE report, biofuels production and demand, current South American production and Chinese demand.

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.

2021 was a crazy year with the impact of COVID-19 on schools and foodservice markets still being felt. What does 2022 look like? Dr. Chris Wolf, Cornell University, presented Farm Credit East’s annual dairy outlook webinar.  Dr. Wolf gave an overview of the economy, changes to milk production and sales, dairy markets around the world, and other factors that may influence the coming year for dairy producers in the Northeast.