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Farm Credit East offices participate in parades annually for many different reasons, but our core purpose is to show community support. We are grateful for the support our community gives us through their business, and our participation is a small way to connect our community and engagement in a fun way. From the humidity in July to the chill of November, here are a few offices that have parade spirit!
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This summer, Farm Credit East welcomed 16 interns to the team. Our interns always leave a lasting impact through the meaningful work they complete and relationships they build with fellow staff and customers. With summer coming to a close and internships winding down, Jean Gallagher asked three interns to reflect on their summer experience.
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A solar array can help to supplement or replace the on-farm use of electricity. Consider these three components in your plan, and you may be in the market to invest in solar.
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Leveraging the equity you have in rural property can provide the funds you need to buy additional acres, construct a home or barn, or remodel an existing structure. Patrick Coates, Farm Credit East Mortgage Specialist, shares few scenarios when tapping into this equity may be beneficial.
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In June, the Senate and House of Representatives both made progress on the Farm Bill by passing their versions of the bill, although the two chambers have taken different roads to get this point.
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In any business, including natural resource-based enterprises like farming, fishing and forestry, knowing your costs has always been important. But in today’s world of tight margins, it is imperative. Knowing, and managing, your cost of production is essential to running a profitable operation.
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Summer is in full swing, and with it, local farmers and fishermen are hard at work producing the fresh, quality agricultural and seafood products we all enjoy. Celebrate the bounty of Northeast agriculture by visiting local farmers’ market and ag retail locations.
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According to mainstream views, the Northeast’s short growing season limits the ability of the region to meet consumer demand for year-round, locally grown produce. However, the rapid emergence of Controlled Environment Agriculture enterprises is challenging this view. Dr. Jie Li and Dr. Miguel Gomez of Cornell University's Dyson School of Applied Economics and Management discuss the growth and economic viability of this emerging system.
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After a few years of market turmoil, the Northeast’s forest industry is showing signs of stability and some real opportunities for growth. We’re not out of the dark days yet, but the markets are providing returns for landowners and real efforts are underway to find the next generation of uses for our forest resource.
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Since its 2005 inception, Country Living, the residential mortgage lending arm of Farm Credit East, has been helping fulfill Northeast rural residents’ dream of living in the country.
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The new “Got Jobs?” campaign from the National Milk Producers Federation, the U.S. Dairy Export Council and the International Dairy Foods Association highlights the dairy industry’s role as an economic engine. To celebrate dairy month, we recognize the economic impact dairy products have on the local economy here in the Northeast.
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“Record-keeping can be a huge time commitment. In my experience working with customers, I’ve learned that record-keeping is not always a first priority.” Angela Barsuglia, Farm Credit East Tax Associate, discusses the importance of accurate financial record-keeping in today’s business climate and how we can help.
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Farming can be a risky endeavor. There are many ways to prepare for and mitigate risks, and an important one for many producers is crop insurance. Jeremy Forrett, Vice President, Crop Growers, LLP, discusses the importance of Northeast crop insurance in your risk management plan.
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Farm Credit East recently presented the results of the 2017 Northeast Dairy Farm Summary. It was a mixed bag – average earnings increased due to a rise in milk prices, but cash flow came in at breakeven for the third year in a row. Read more here.
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The weather is probably the most important reason for price volatility in any given year. However, lots of other factors can also play a role. Dr. Patrick Westhoff, Director of the Food and Agricultural Policy Research Institute at the University of Missouri-Columbia, discusses grain supply and demand factors in this 2018 outlook.
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Vegetable crops are an important component of the agricultural economy in the Northeast. In the Northeast region, vegetable crops have been planted on approximately 90,000 acres with an annual total farm value of between $450 and $500 million. Dr. Bradley Rickard, Associate Professor of Applied Economics and Management at Cornell University, discusses the policies impacting vegetable production, market trends, vegetable consumption and more in this 2018 Northeast vegetable outlook.
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