MESSAGE FROM THE PRESIDENT


March 4, 2024

With the colder months behind us, our crop farmers will return to their fields soon and begin the planting season. With the vast majority of us living in urban settings, it is nothing short of miraculous when you stop and consider how so few people feed so many. Except for maybe an herb garden or a tomato plant or two, most of us grow nothing to eat.


In Delaware, the agriculture and food processing sectors stand as the number one economic force in our state, and yet may be the least appreciated by everyone who has “urbanized.” According to the Delaware Prosperity Partnership, "Corn is the top crop, watermelons are the leading fruit crop and broilers [chicken] are the most valuable agricultural product. Other important Delaware agricultural products include wheat, barley, apples, peaches, grapes, peas, and dairy." The state boasts 259

food and agriculture establishments and an estimated 11,892 employed individuals within the industry.


We are blessed with the soils, technology, skills, and logistics to seldom, if ever, worry about food. Like any industry, they have their issues. But let’s not forget how much they contribute to our wellbeing and economy. After all, it is their ability to regularly produce at high levels that allowed so many of us to urbanize and stop producing food altogether.  

News You Can Use

The week of economic news kicks off with a speech by Philadelphia Fed President Patrick Harker this afternoon. On Tuesday, we’ll get factory order results from January, while Wednesday brings us ADP employment data from February, January job openings, and remarks by Fed Chair Jerome Powell when he testifies to Congress. Powell is before Congress again on Thursday, and consumer credit results from January are released later that same day. We finish up on Friday with U.S. unemployment figures for February, and wage data for February too. 


Earnings reports and calls for the week get started today with Avedal Pharmaceuticals, GitLab, and Stitch Fix. First Watch Restaurant Group, Target, Nordstrom and Ross Stores are scheduled on Tuesday, while Chemours, Foot Locker, and Campbell Soup are among a long list of companies with calls and reports on Wednesday. Broadcom, Costco Wholesale, DocuSign, and Genesco are among those with reports Thursday and Friday.  

Michael J. Quaranta
President
Delaware State Chamber of Commerce

Uniquely Delaware

Happening this Week:

Do More 24 Delaware

Support your favorite Delaware nonprofits during Delaware's largest giving day! 


Starting on March 7 at 6pm to March 8 at 6pm, Do More 24 Delaware is a 24 hour day of giving designed to help over 500+ Delaware based nonprofits increase their capacity and engage new donors. Supporters can visit the Do More 24 website on March 7-8 to donate and maximize the impact of their support. 


Find your cause >

Learn more >

Happy Women's History Month! Lyons Companies, a certified WEBNC, is Delaware’s largest independent insurance brokerage firm. Founded in 1984, Lyons Companies provides proactive risk management products and strategies; claims management and risk control services; employee benefits programs and human capital management consulting; comprehensive personal lines insurance; and life insurance and asset management solutions.

Learn more

In Case You Missed It


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Delaware State News

Upcoming Events

Evening Mixer at Chase Fieldhouse

Wednesday, March 13

6:00 pm - 8:00 pm

 

Chase Fieldhouse

401 Garasches Ln., Wilmington

Spring Manufacturing & Policy Conference

Thursday, March 28

9:00 am - 1:00 pm

 

Delaware Technical Community College

100 Campus Dr., Dover

Networking Breakfast at Delaware Safety Council

Thursday, April 11

7:30 am - 9:00 am

 

Delaware Safety Council

2 Penns Way, Ste. 201,

New Castle

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