2020 is shaping up to be a potentially high-income year for some farmers across the country, especially given the latest round of Coronavirus Food Assistance Program (CFAP) payments. One tool that will likely come into play for fruit growers this year is the ability to depreciate 100% of the cost of new orchards.
While many people are concerned about how to keep themselves and their families safe from COVID-19, it’s also important to know how the virus is not transmitted. Consuming fruits and vegetables remains safe and is important for maintaining a robust immune system. Here are some details on food safety in the current environment that may help calm your uncertainty.
The Coronavirus Food Assistance Program was designed to help compensate farmers for the market disruptions that occurred in the early stages of COVID-19. Read about the program and two notable exceptions for Northeast apple and potato growers.
Farm Credit East recently hosted a webinar featuring a panel of experts to discuss the Northeast's fruit and vegetables industries, and how COVID-19 has impacted markets. This post summarizes their discussion on a multitude of topics, including supply and demand, consumer preferences, costs, marketing and labor challenges, as well as future outlook predictions.
