Your agricultural business is your livelihood, and Farm Credit East is here to help. Knowledge Exchange gives you access to the financial and management knowledge and expertise you need to enhance and strengthen your business.

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The Northeast Dairy Farm Summary
Reports
2020 Northeast Dairy Farm Summary
Webinars
2020 Dairy Farm Summary & 2021 Mid-Year Dairy Outlook
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Dairy Risk Management: Many Options for Northeast Producers
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Inflation Temporary Growing Pains or a Worrisome Sign of a New Trend
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Adverse Effect Wage Rates Updated for H-2A Program
  
  
  
  
  
  
  
  

Reports

2020 Northeast Dairy Farm Summary

This year’s Northeast Dairy Farm Summary summarizes the results of 204 dairy farms of all sizes, from across the region.

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Webinars

2020 Dairy Farm Summary & 2021 Mid-Year Dairy Outlook

Farm Credit East’s Northeast Dairy Farm Summary is the most comprehensive economic analysis of the region’s dairy industry. The 2020 edition marks the 41st year of the report, which looks at the financial results of 204 Northeast dairy farms. Chris Laughton, editor of the report, reviewed and discussed the year that was for dairy. Jeremy Forrett, manager of Crop Growers LLP, discussed risk management options for current market conditions, and finally, Catherine de Ronde, of Agri-Mark delivered a price and market outlook for the second half of 2021.

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The Northeast Dairy Farm Summary

In this month's Knowledge Exchange Partner, read highlights from the recently released 2020 Northeast Dairy Farm Summary. The report summarizes the analysis of farm financial data from 204 Northeast dairy farms and provides an overview of the remarkable year 2020 was for dairy.

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Latest From Today's Harvest Blog

  • Returning to Normalcy: Farm Credit East Summer Interns

    When Farm Credit East's 2021 interns signed their offer letters, there was still a chance the internship would be virtual. Farm Credit East ultimately decided that internships could be completed in-office, which was a breath of fresh air to this group of interns. Today, on National Intern Day, read about the relationships built, training gained and their 2021 summer intern experience.

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  • New York State Provides COVID-19 Relief to Small Businesses

    While much of the federal assistance has tapered, many states have begun looking at ways to provide relief to small businesses hit hard by the COVID-19 pandemic. In today's blog, we’ll focus on New York State’s COVID-19 Pandemic Small Business Recovery Grant Program.

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  • Dairy Risk Management Options for Northeast Producers

    In today's blog, Jeremy Forrett, Crop Growers, provides an in-depth look at risk management options for Northeast dairy producers, including the Dairy Margin Coverage program, Dairy Revenue Protection, Livestock Gross Margin-Dairy and crop insurance.

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  • A Reset in Communication

    Effective business communication is dependent on how employees and management interact with each other to reach operational goals. But what if there’s a disruption to that communication or a formal plan was never discussed? Jon Jaffe, Farm Credit East business consultant, guides readers through the steps of a communication reset.

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  • How Secure is Your Milk Market?

    Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, touches on marketing risk and the security of your milk market. Whether you sell direct-to-consumer or to a processor or cooperative, marketing risk is always a factor to consider.

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  • Converting Capital Gains into Ordinary Income: Related Party Pitfalls

    The tax code can be very confusing for agricultural businesses at times. Senior Tax Consultant, Dario Arezzo, dissects one of these instances — related party transfers — in today's Tax Talks blog.

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  • Northeast Farm Fresh Products in Your Neighborhood

    In the Northeast, there is no shortage of fresh food grown locally. What’s your favorite summertime farm product? Let us know in the comments below and visit our Farm Fresh Guide to find out where to buy your favorite farm fresh products all summer long.

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  • Farm Credit East Remains Committed to Protecting Customer Data

    Farm Credit East’s information security team has been monitoring recent cyberattacks utilizing ransomware. In today's blog, Information Security Specialist, Deanna Pellegrino, provides helpful information about ransomware and how to protect your data.

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  • Lessons from the Pandemic: Northeast Fiber System's Resilience

    In our final installment of the Lessons from the Pandemic series, we shift from the impact on the food system to the impact on the Northeast’s fiber system. The timber industry reacted quickly to the pandemic, promptly curtailing production, but soon found demand for many wood products would actually increase.

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  • Lessons from the Pandemic: Northeast Dairy Resilience

    In honor of National Dairy Month, this installment in our Lessons from the Pandemic series highlights the tremendous resilience of the Northeast diary industry during the coronavirus pandemic.

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  • Estate Planning in Uncertain Times

    Every so often, there are years when estate planning becomes the hot topic among farmers. With several proposals circulating in Washington, D.C., it appears that 2021 will be one of those years.

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  • Lessons from the Pandemic: Animal Protein Sector's Resilience

    From long lines to empty supermarket shelves, the onset of the COVID-19 pandemic in the spring of 2020 caused disruptions in our food system like we have never experienced in our lifetime. In this first installment of our Lessons from the Pandemic series, we take a look at the animal protein sector.
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  • A Healthy Farm is Nothing Without a Healthy You

    May is Mental Health Awareness Month, which makes it the perfect time to step back and check in with your family, your staff, and most importantly, yourself.

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  • vegetables

    2021 Vegetable Industry Snapshot

    Vegetable growers in the Northeast experienced significant draught in 2020, which is continuing through 2021. Growers selling to foodservice markets had to adjust their marketing, but those selling to grocery stores or direct-to-consumer have seen good sales. Like other agricultural commodities, vegetable demand has shifted but is still strong.

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  • Employee Retention Credit: Partially Shut Down, Defined

    Last month’s Tax Talks discussed the Employee Retention Credit’s (ERC) expansion throughout the 2021 tax year and took a look at the revenue tests for qualification. In this blog, we’ll take a closer look at IRS guidance surrounding what it means for a business to be partially shut down.
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  • Northeast Producers are Implementing Environmentally-Friendly Practices

    As we celebrate Earth Day, we at Farm Credit East wanted to highlight Northeast producers who have implemented environmentally friendly practices in their operations. We believe few are more committed to the health of our land, air and water than those who work farms, forests and waterways every day — and we want to share their stories!

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