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
Knowledge Exchange Partner
Latest From Today's Harvest Blog
In agriculture, change is a constant. With the many variables those in agriculture deal with each day — weather, wildlife, disease, markets, consumer preferences — technology may be one of the easier variables to adapt, adopt and hopefully add value to the operation for the long term. In fact, farmers are often early adopters of new technologies, but what benefits can new technology, including Artificial Intelligence (AI), bring to an operation? Let’s break it down.
October 22, 2024
Featured Webinar
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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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.
May 03, 2023
Farm Credit East hosted a discussion of lumber markets, pulpwood and biomass, as well as the health of the forest industry supply chain going into 2023. Paul Jannke, a forest industry expert with FEA, presented his perspective on the region’s forest product markets.
March 02, 2023
Forest Economic Advisors, LLC (FEA) examines the forest product markets over the coming year. Rising interest and mortgage rates will most likely cause economic activity to slow in 2023. This is expected to be short lived, however, with optimism on the horizon in 2024. Read the full report.
February 28, 2023
In today's Tax Talk, Farm Credit East's Dario Arezzo examines the New York State Department of Environmental Conservation (DEC) proposal to amend regulations relating to the Forest Tax Law program. This program provides landowners a reduction in real property taxes on their enrolled forest lands if certain conditions are met.
July 26, 2022
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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