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.
Over the past several decades, Northeast agriculture has continued to evolve and adapt, and will continue to do so well into the future. In this blog post, we look at what some of those changes to the Northeast’s overall agricultural landscape have been over the past 30 years.
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.
Despite a fairly robust general economy, 2018 promises to be a fairly challenging year for many agricultural sectors. We expect Northeast net farm income to decline in 2018, due mainly to weak commodity prices.