Ag Industry Trends & Outlooks

This month's Knowledge Exchange Partner article contributed by Mark Cannella, Extension Associate Professor, University of Vermont the article focuses on the U.S. Maple industry and delves into strategic initiatives by the International Maple Syrup Institute, including market development, standardization, and sustainability efforts. With insights into production trends and economic impacts, this comprehensive outlook provides a roadmap for the future of the U.S. maple syrup industry.

Natural resource-based businesses, like farming, fishing, forestry, and food manufacturing do more than provide food, fiber, building materials, ornamentals and other goods. They are economic engines in their communities, providing jobs and financial impacts throughout the region. In a new report, Farm Credit East, in collaboration with researchers at Cornell University, examines the economic impact of these industries in New England, New York and New Jersey.

In this month’s Knowledge Exchange Partner, Dr. Christoher A. Wolf of Cornell University reviews 2023 milk production and looks ahead to with a 2024 milk price outlook as well as a policy update on the recently concluded Federal Milk Marketing Order Hearing. 

This month's Knowledge Exchange Partner highlights a series of Industry Snapshots, compiled by Farm Credit East's Director of Knowledge Exchange, Chris Laughton. In addition to a summary of the national economy, northeast farm economy sectors such as dairy, timber and forest products, cash field crops, livestock, fruit, vegetables, greenhouse and fishing are included.