Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
Vegetable growers of red and green leaf lettuce, romaine lettuce, cauliflower and broccolini, among other crops, is feeling a ripple effect from last year’s multistate E. coli outbreaks and subsequent recalls.
While a chorus of business and industry leaders is fighting for Congressional approval of the United States-Mexico-Canada Agreement, some sources believe the near-term outlook appears cloudy at best for the deal.
The FDA says romaine lettuce is now safe to eat following the “purge” of product on the market, and grower-shippers agreed to new labeling standards that will include where the lettuce is grown.