The week of April 20, Congress passed another coronavirus aid package that included $310 billion to replenish the Paycheck Protection Program as well as $50 billion for the Economic Injury Disaster Loans (EIDL) and $10 billion for EIDL grants. See the differences in benefits of these two programs.
Crop insurance played an important role in 2019 for many Northeast spring crop producers. As we look ahead in 2020, utilizing your local agent's expertise to review your business goals, business risks, marketing plan and more can help you develop a plan that meets your business needs.
In the financial world, your cash position is referred to as liquidity, i.e. your ability to pay your bills. Liquidity is important to any agricultural business, yet it may have a heightened significance depending on what you produce, how long it takes you to produce it and how it’s sold or marketed.