Thursday, May 21, 2020

A pending spike in small farm bankruptcies

I'm not saying this is absolutely bound to happen. Neither, actually, are the authors of this. But their rational deduction from the evidence seems to me to have a great deal of validity.
But Barber has only to look a few weeks down the road to see bad news coming. The current model won’t survive the peak summer harvest, says Barber, who for 16 years has run the farm and restaurant Blue Hill at Stone Barns, about 30 miles northeast of New York City, in addition to the 20-year-old Blue Hill, in Manhattan. Unfortunately, he has numbers to back him up. ResourcED, a project he and his colleagues created to sell market boxes at both restaurants, has launched a survey of small farmers, concentrated at first in the Northeast but expanding coast to coast. Between 30 and 40 percent of them predict that they won’t be able to keep up with increasing volume. They will lose the extra, essential revenue that always comes with a bountiful seasonal harvest. And while most of the farmers grow produce, the same dark predictions hold true for respondents who grow grain and raise animals. The current boom is a sweet illusion; the bust is coming fast.
Where do they expect this to end? Bankruptcy, from which many will not recover. - The Counter

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