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29
Apr

The Juxtaposition of the Paycheck Protection Program and Economic Injury Disaster Loans

April 29, 2020

By: Dario Arezzo

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.

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Posted In: Financial Management

Tags: business management, economy, farm business, farm expenses, farm finances, farm payroll, farm management, payroll management, payroll
9
Apr

Winery Business Optimization of the CARES Act

April 09, 2020

By: Gregg McConnell

Many businesses are rapidly pursuing the Paycheck Protection Program (PPP) loans because of the amount of immediate cash to offset gaps in short-term cash flow. Gregg McConnell, Farm Credit East business consultant, explains some possible areas of opportunity for wineries and other similar retail businesses with the Employer Retention Credit as an alternative.

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Posted In: Financial Management

Tags: variable costs, wine production, wineries
10
Mar

Crop Insurance: An Important Risk Management Tool

March 10, 2020

By: Jeremy Forrett

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.

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Posted In: Financial Management

Tags: ag outlook, business management, business planning, consulting, crop expenses, crop growers, crop insurance, crop revenue, risk management, usda
11
Feb

The Importance of Liquidity

February 11, 2020

By: Chris Laughton

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.

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Posted In: Financial Management

Tags: ag expenses, ag revenue, balance sheet, business management, cash accounting, cash flow, farm finances, farm revenue, financial management, net worth