Vegetable growers in the Northeast experienced significant draught in 2020, which is continuing through 2021. Growers selling to foodservice markets had to adjust their marketing, but those selling to grocery stores or direct-to-consumer have seen good sales. Like other agricultural commodities, vegetable demand has shifted but is still strong.
Dr. Marin Bozic of the University of Minnesota recently presented a webinar that analyzed 2020's impact on dairy markets, looked at current and future dairy markets and discussed risk management strategies for the coming year.
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.
