Why does it pay to have Dairy Revenue Protection (DRP)? DRP sets a quarterly price floor based on Chicago Mercantile Exchange (CME) futures prices to protect dairy producers against unexpected declines in milk revenue. It’s important to protect your operation — and DRP is one of the resources you can have in your toolbox to do so.
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The recently enacted New York State budget makes the Investment Tax Credit (ITC) fully refundable for eligible farmers who derive more than two-thirds of their gross income from farming. This provision will be in place through 2027 and will greatly benefit eligible farmers in New York State. Today’s post provides a high-level overview of the ITC.
May 29, 2023
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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.
June 08, 2021
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.
June 01, 2021
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.
May 04, 2021
Cash field crops had a relatively good year in 2020, with most corn and soybean yields higher than 2019 averages. Ethanol production decreased due to reduced exports and domestic gasoline demand, however production levels should increase this year.
April 20, 2021