Farm Credit East recently launched a section on its website containing snapshots for nine Northeast agriculture industries.
These snapshots provide industry-specific year-to-date updates on economic conditions in various sectors of agriculture.
Snapshots are available for the Northeast’s dairy, fruit, vegetable, nursery and greenhouse, cash field, timber, aquatic/fishing, and livestock industries, as well as an update and outlook on input costs for the region’s producers.
These snapshots will be updated on a quarterly basis and also contain links to other resources and recent articles relating to each industry.
The most recent update reports that overall, U.S. agriculture, as well as that of the Northeast, continues to face some challenging market conditions, but there are also a number of bright spots and some improvements are in the forecast.
Cash field crops in particular are dealing with adverse pricing and while dairy prices are improving, there continue to be marketing challenges in some areas. Nursery and greenhouse, which have had improving economic conditions for the past few years, are reporting relatively good spring results.
To dive deeper into industry-specific snapshots, visit FarmCreditEast.com.