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.
The demanding daily tasks of running a business can sometimes cause owners and managers to have a shorter term focus. After all, in the short term, they may have to concentrate on planting or harvesting crops, taking care of livestock, or day-to-day employee management. But as producers navigate day-to-day challenges, it’s important to maintain a long-term perspective.
Farming can be a risky endeavor. There are many ways to prepare for and mitigate risks, and an important one for many producers is crop insurance. Jeremy Forrett, Vice President, Crop Growers, LLP, discusses the importance of Northeast crop insurance in your risk management plan.
Many dairy producers are facing challenges in the current economic environment. The USDA Farm Service Agency has reopened the signup period for the Dairy Margin Protection Program, under changes to the program made by Congress in February. Farm Credit East and the Program on Dairy Markets and Policy recently hosted a webinar covering this signup reopening and “MPP 2.0.”