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.
Ag Industry Trends & Outlooks
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As the December 31, 2024, deadline looms to report Beneficial Ownership Information (BOI) as part of The Corporate Transparency Act, we wanted to make sure members are equipped with the information they need to file their information and remain compliant. The following are questions we’ve heard from customers.
November 18, 2024
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Join Farm Credit East and Chris Gerlach of U.S. Apple Association to discuss the future of the apple industry.
April 17, 2025
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The dairy industry is inherently unpredictable, with market fluctuations, weather conditions, and production variables all contributing to an unstable income landscape for dairy farmers. Dairy Revenue Protection (DRP) is a valuable tool to mitigate these risks and provide a more stable financial footing.
June 04, 2024
After a rapid rise in 2021 and 2022, the Farm Credit East Production Cost Index has plateaued after relatively modest increases over the previous decade. This index tracks farm production costs on a relative basis, weighted towards costs that affect Northeast producers most. Major components of the index include labor, energy, family living expenses, crop inputs, as well as costs like animal feed and other dairy-related expenses, given that sector’s prominence in our region.
May 06, 2024
Dr. Bob Maltsbarger, Senior Research Economist with the Food and Agricultural Policy Research Institute, gives his insights on the state of the cash grain and oilseed industries for 2024, including U.S. production, supply and demand trends, competition from other countries, weather-related market fluctuations, and other industry related conditions in this year's industry outlook report.
March 26, 2024
In this month's Knowledge Exchange Partner, Forest Economic Advisors, LLC (FEA) examines the forest product markets over the coming year including the state of recession predictions, overall economic growth, and construction and manufacturing markets in this year's 2024 Outlook for the Forest Products Industry report.
March 06, 2024
Northeast Economic Engine
Download Farm Credit East’s Northeast Economic Engine report, which analyzes the economic impact of the Northeast agriculture, forest products, commercial fishing and food manufacturing industries. This report was released in October 2024.
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