Ag Industry Trends & Outlooks

Discover insights, trends, ag market outlooks and other topical information as it relates to the Northeast's diverse agricultural industries. Brought to you by Knowledge Exchange from Farm Credit East.
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Knowledge Exchange Partner

The Northeast Economic Engine: Agriculture, Forest Products, Commercial Fishing and Food Manufacturing

Natural resource-based businesses, like farming, fishing, forestry, and food manufacturing do more than provide food, fiber, building materials, ornamentals and other goods. They are economic engines in their communities, providing jobs and financial impacts throughout the region. In a new report, Farm Credit East, in collaboration with researchers at Cornell University, examines the economic impact of these industries in New England, New York and New Jersey.

October 9, 2024

Cover of the 2024 Economic Impact report

Latest From Today's Harvest Blog

Aerial view of a drone flying over forest, monitoring and analyzing in forestry management.
Innovation and Emerging Markets
What’s the Return on AI in Agriculture?

In agriculture, change is a constant. With the many variables those in agriculture deal with each day — weather, wildlife, disease, markets, consumer preferences — technology may be one of the easier variables to adapt, adopt and hopefully add value to the operation for the long term. In fact, farmers are often early adopters of new technologies, but what benefits can new technology, including Artificial Intelligence (AI), bring to an operation? Let’s break it down.

 

October 22, 2024

Featured Webinar

Woman standing in agriculture crop field holding and working on an open laptop
Farm Credit
2024 Virtual Customer Appreciation Meeting

Tuesday, Nov 12, 2024 11:30 AM - 12:15 PM EST

Join us for the 2024 Virtual Customer Appreciation Meeting. This 45-minute program will provide cooperative updates from CEO Mike Reynolds and Board Chair John Knopf.

November 12, 2024

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Tractor preparing field for planting
Tax Talks
Production Tax Credit – Complete Application for Registration by July 15

In a previous Tax Talks blog article, we talked about energy credits. An energy credit not discussed is the Production Tax Credit (PTC) under Internal Revenue Code (IRC) section 45Z. This credit incentivizes the domestic production of sustainable transportation fuels, such as those that may be generated by an on-farm biomass digester, offering a per gallon tax credit for qualified fuels produced by the taxpayer and sold to an unrelated person. 

June 25, 2024

general economic
Business Tips and Tools
Business Basics for Beginning Farmers

One of the great things about owning or starting your own business is that you determine your business goals and how you want to achieve them. So, what are the business basics that help you remain profitable so you stay on track toward achieving your business goals?

June 18, 2024

Grapes frost damage. Frost Grape by slight frost winter injury.
Crop Insurance
Informational Webinar for Grape Producers Impacted by the April Freeze
Grape producers impacted by the late April freeze are invited to join Farm Credit East and Crop Growers, Farm Credit East’s insurance provider, for a free, informational webinar on Tuesday, June 25 at 11:00 a.m. ET, that will discuss the challenges following the freeze event and provide insights to navigate the insurance claim process.

June 18, 2024

Cow milking facility and mechanized milking equipment
Crop Insurance
Boosting Dairy Farm Resilience with Dairy Revenue Protection

Dairy Revenue Protection (DRP) is a valuable tool to help dairy farmers mitigate the risks of the dairy industry, including market fluctuations, weather conditions, and production variables. By offering robust, flexible and affordable program options, DRP helps to stabilize incomes and support the sustainability of dairy operations.

June 11, 2024

Northeast Economic Engine

Download Farm Credit East’s Northeast Economic Engine report, which analyzes the economic impact of the Northeast agriculture, forest products, commercial fishing and food manufacturing industries. This report was released in October 2024. 

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Cover of the 2024 Economic Impact report