Over the past year, we did not have to make any claims under PACA. However, we did make some in previous years. We did not have to make any deposit. All we had to do was follow the rules and the procedure.
Our farm is a large one, and our enterprise purchases products from a lot of small farms. Our business packages and markets products from a lot of small farms that operate close to our facilities. These people generally do not have access to the markets we have access to. Even if we sell their products, they are assuming a risk because if we are not paid, they are not paid either.
Over the last year, fortunately, we were lucky. Our business is fortunate in that we sell to retailers and large enterprises, which is not the case for the majority of agricultural producers.