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.
Biomass, pulpwood and sawlogs are important to the sustainability of the Northeast’s forest industry but are facing a handful of economic challenges. Despite the headwinds, Northeast markets are incredibly well positioned to take advantage of emerging opportunities.
Sap from a maple tree is about 98% water and 2% sugar – so what happens to all the water after making maple syrup? Sprague’s Maple Farms of Portville, NY, partnered with a conservationally-minded entrepreneur to turn this byproduct into a value-added product.
Those of us in the U.S. are often unaware of just how much the American dairy industry varies from much of the rest of the world. This is one of the reasons Farm Credit East has been a part of the International Farm Comparison Network for the past 10 years; to support their mission to better understand and forecast the dairy economy.