Ag Industry Trends & Outlooks

Discover insights, trends, ag market outlooks and other topical information as it relates to the Northeast's diverse agricultural industries. Brought to you by Knowledge Exchange from Farm Credit East.
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Record U.S. Agricultural Trade Deficit Forecasted to Keep Growing

The United States is the world’s largest agricultural exporter and has been for decades. However, as a wealthy country with a population of more than 340 million people with appetites for a broad range of agricultural products - we are also one of the world’s top agricultural importers. American Farm Bureau Economist, Betty Resnick examines historical trade data, and insight on forecasted trends.

July 3, 2024

Latest From Today's Harvest Blog

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Tax Talks
New York Farm Employer Overtime Credit – Advance Application Opens July 1

In December 2023, we shared to important Tax Talks blog articles on the New York Employer Overtime Credit. The time to apply for an advance of the credit is fast approaching with NYS Ag and Markets opening the application on July 1, 2024. 

July 2, 2024

Featured Webinar

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Farm Credit
2024 Virtual Customer Appreciation Meeting

Tuesday, Nov 12, 2024 11:30 AM - 12:15 PM EST

Join us for the 2024 Virtual Customer Appreciation Meeting. This 45-minute program will provide cooperative updates from CEO Mike Reynolds and Board Chair John Knopf.

November 12, 2024

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Tag: taxes 
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Tax Talks
Northeast States Budget Season Update

It’s that time of the year when state governments across the Northeast are crafting up budgets for their respective states. As always, we keep an eye out for important items that may positively impact farmers. Two recent highlights are from New York and Massachusetts.

March 02, 2023

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Tax Talks
USDA Emergency Relief Programs for Producers

Emergency Relief Program (ERP) phase one closed on December 16, 2022. Phase two opened on January 23rd and runs through June 2, 2023. The funds appropriated by Congress will be distributed through the Emergency Livestock Relief Program (ELRP) and the ERP. Regarding ELRP, the Farm Service Agency will release more information once they have finished its analysis on the 2021 drought and wildfire impacts on livestock producers.

January 30, 2023

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Tax Talks
2022 Year-End Tax Headlines

As for tax updates, year-end 2022 is as good as any of the last few years. Some years we’re left dealing with changes that occur in January that are retroactive. This year, there are some last-minute things that are mostly good news. Here are the highlights.

December 26, 2022

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Tax Talks
Employee Retention Credit and Supply Chain Disruptions

The Employee Retention Credit (ERC) is a refundable tax credit that taxpayers could obtain by meeting a quantitative test for either a decline in revenues, or because their business was shut down wholly or partially due to a governmental order. This shutdown test includes “supply chain disruptions.” Today’s Tax Talk considers how the IRS views a supply chain disruption.

October 25, 2022

Northeast Economic Engine

Download Farm Credit East’s Northeast Economic Engine report, which analyzes the economic impact of the Northeast agriculture, forest products and commercial fishing industries. This report was released in November 2020. 

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2020 Northeast Economic Impact Report Cover