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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Knowledge Exchange Partner

Knowledge Exchange Partner

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

Farm workers harvesting apples
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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Grapes frost damage. Frost Grape by slight frost winter injury.
Crop Insurance
Crop Insurance Provides Certainty Against Unpredictable Weather

Crop insurance can protect against financial losses from weather-related crop damage and quality reductions. Its purpose is to ensure farmers can continue operating after a difficult season. In a year like 2023, being insured against these types of weather events can make or break a business.

 

February 22, 2024

Farm Credit
Farm Credit East Offices Closed February 19
Farm Credit East offices will be closed on Monday, February 19, in observance of Presidents' Day

February 14, 2024

Three farmers walking side by side in a crop field during sunset with the Crop Growers logo over the image
Crop Insurance
Another Wet One – How Crop Growers Can Help Northeast Tobacco Growers

In 2023, the Northeast experienced another wet tobacco growing season. Given the high cost of tobacco cultivation (over $1,000 per acre), risk management plans are crucial for producers. Connecticut insured more than 3,000 acres of this valuable crop. The purpose of crop insurance, like any other insurance, is not to bring profits but to make the producer whole again so they can continue to farm the following year.

February 13, 2024

Close up of milking machine beside a row of cows in a milking parlor
Knowledge Exchange Partner
2024 Dairy Market Situation and Outlook

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. 

February 07, 2024

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