USDA Offers New Resource to Help Food Hubs Improve Financial Performance
From USDA: WASHINGTON, District of Columbia, April 28, 2016 — Rural Business-Cooperative Service Administrator Sam Rikkers today announced a new resource to help food hubs improve their financial performance. Food hubs, which are a businesses or organizations that manage the aggregation, distribution, and marketing of locally-produced food, play a key role in creating opportunities for small and mid-sized producers while also satisfying growing consumer demand for local products.
The new report, Running a Food Hub: Assessing Financial Viability, provides modules and best practices for food hubs to maximize profits and control costs. Part of a multi-volume series published by USDA Rural Development, the report provides technical assistance for food hubs at different stages of development. For example, it gives beginning food hubs advice on writing sound business plans, and it includes guidance on how established food hubs can expand into financially viable long-term businesses.