The closures of restaurants, hotels, and schools have left growers with heaps of fresh produce without a destination. With crops often grown exclusively for the foodservice industry, growers who produce crops with a large percentage of production destined for this vital market segment are faced with incredible challenges amidst COVID-19 closures.
We’re continuing to work on the simultaneous priorities to support you in keeping the fresh produce supply chain moving, and driving financial relief for those most affected by this crisis.
Produce growers donating food to communities, schools, food banks, shelters and essential businesses during coronavirus pandemic.
March 30, 2020
In disruptive times we often see the most creative and empathetic solutions rise to the surface. Across the country, fresh produce growers are donating food to feed their communities, fresh produce distributors are developing new models to redirect their restaurant business while also supporting local food banks, shelters and other essential businesses, and school nutrition professionals are still providing meals to millions of students on a daily basis, ensuring access to healthy foods while school is closed.
I want to focus on the emergency relief package that is progressing toward final agreement in Washington, DC. While not a done deal until final passage by the House and Senate with the President’s signature, the basic agreement reached is essential to shoring up companies throughout our supply chain that have been hit the hardest by the shutdown of the out-of-home foodservice channel. That includes growers, shippers and distributors alike.
The farms currently grow corn, soybeans and edible beans, but will be converted into organic farmland by 2021.
October 8, 2019
Gladstone Land Corp., McLean, Va., acquired approximately 3,850 acres of farmland located in Hayes and Hitchcock Counties, Neb., for approximately $14.7 million.
FruitSpec’s patented hyperspectral and computer vision algorithms enable the company to count the number of fruit and estimate fruit sizes for accurate early season fruit yield estimation.
September 30, 2019
FruitSpec, an Israel-based portfolio company of The Trendlines Group Ltd., completed a $4 million investment round for its yield estimation solution.
Islands West is a family-owned wholesaler of produce, processed fruits, dried spices and fresh-cut vegetables.
September 13, 2019
HKW, a Hammond, Ky.-based middle-market private equity firm, and its portfolio company, Fresh Direct Produce, Ltd., Canada, acquired Islands West Manufacturing, Ltd., also based in Canada.
Mucci Farms is a vertically integrated fruit and vegetable grower.
August 22, 2019
Mucci Farms, Canada, acquired controlling interest of Orangeline Farms, Canada, including its existing greenhouse and warehouse facilities and additional land with plans for expansion.