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.
Biomass, pulpwood and sawlogs are important to the sustainability of the Northeast’s forest industry but are facing a handful of economic challenges. Despite the headwinds, Northeast markets are incredibly well positioned to take advantage of emerging opportunities.
Those of us in the U.S. are often unaware of just how much the American dairy industry varies from much of the rest of the world. This is one of the reasons Farm Credit East has been a part of the International Farm Comparison Network for the past 10 years; to support their mission to better understand and forecast the dairy economy.
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.