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  • Raise in Rate/Inflation

    Has anyone else been thinking or worrying about their rates with the inflation going on right now? Is there an end in sight?

  • #2
    I raised my rates in preparation when the writing was on the wall back in early 2020. It was obvious to me there was going to be massive financial blowback. It is only going to get worse now that those forced into silence are voting with their dollars and feet.

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    • #3
      A house 1 mile from me that was bought for $145,000 three years ago sold for $489,000 last week. The only upgrade we saw at the open house was new carpet in one of the smaller bedrooms (pet damage), even the ugly, old, half eaten doghouse and chicken wire pen are still there. They are slapping up manufactured homes and small construction grade stick builds at an alarming rate on bankrupted farm land. Even the single wide starter mobile homes on micro-lots are going for $150,00 and up. 3 years ago $65,000 would have afforded you a few acres and a double wide starter to build later. (commonly done here, pay off land first, then build, sell off used trailer) Average apartment rent went from $400 a month to $1300. People are being evicted right and left.

      It is going to get ugly. Plan and save accordingly. People down here are leaving the cities in a rapid wave. Our tax rates are going to explode. The cities are going to want their pound of flesh back.
      Last edited by Cat Herder; 2 weeks ago.

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      • e.j.
        e.j. commented
        Editing a comment
        I thought of your reply last night while I was listening to the news. They were talking about a home that had been damaged by a fire and was now being listed for sale at $500,000. https://www.msn.com/en-us/money/real...00k/ar-AAKGkYr
        Crazy!! lol

      • Cat Herder
        Cat Herder commented
        Editing a comment
        It does not surprise me. A couple of my neighbors are considering selling to pad their retirement and just get an apartment. I would have to talk to a professional first, I have never had a gamble like that to work out for me. I know the tax man and the landlord would have me in a cardboard box in no time.

    • #4
      Just curious if the food program has adjusted their payments to you guys at all?? Walked by cantalope yesterday and my jaw dropped at the price. I hope many of you are gardening this year, at these prices.

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      • #5
        Originally posted by Jo123abc View Post
        Has anyone else been thinking or worrying about their rates with the inflation going on right now? Is there an end in sight?
        I haven't raised my rates yet but it is a possibility, if things keep on getting worse....I wonder if I should warn my families

        Comment


        • #6
          Originally posted by Josiegirl View Post
          Just curious if the food program has adjusted their payments to you guys at all?? Walked by cantalope yesterday and my jaw dropped at the price. I hope many of you are gardening this year, at these prices.
          My state sent out a notice that they will raise rates to Tier one for everyone but it won't start until August.

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          • #7
            "Background: Under CACFP (Child and Adult Care Food Program), care providers receive a fixed reimbursement per meal served, with different reimbursement rates for different types of meals such as breakfasts and lunches. The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA) changed the meal reimbursement structure for family child care homes. The law established two tiers of reimbursement rates, with higher rates applying to homes in low-income areas or operated by low-income persons. The intent of this change to the CACFP was to target program benefits more closely to low-income children.

            What is changing: On April 20, 2021, it was announced that pursuant to the authority in Section 2202(a) of the Families First Coronavirus Response Act (FFCRA) and based on the exceptional circumstances of this public health emergency, the USDA Food and Nutrition Service (FNS) is issuing a nationwide waiver of area eligibility requirements to support access to nutritious meals and snacks while minimizing potential exposure to the novel coronavirus (COVID-19). This means area eligibility determination for low-income area is being waived for the period of July 1, 2021 through June 30, 2022. As a result, this will allow all day care homes, regardless of their location, to receive the Tier I reimbursement rate for all meals and snacks.

            What do you need to do if I am a Tier 2 provider now: Continue to participate in CACFP as usual. The earliest you would see an increase in reimbursement is on your July 2021 claim (processed in August).

            What happens if I am already a Tier 1 provider in CACFP: Nothing has changed for you. Keep doing the good work of feeding children.

            For providers who want to start CACFP: If you did not qualify for Tier 1 status in the past, we can enroll you in June to start participation as early as July 1 to take advantage of the one year of higher reimbursement. "

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            • #8
              Originally posted by Gemma View Post

              I haven't raised my rates yet but it is a possibility, if things keep on getting worse....I wonder if I should warn my families
              I am starting to consider warning parents as well. I live in Nebraska and things aren't terrible yet, but things are definitely going up in price. The food program is going to start paying more which helps but there are so many expenses that go up besides food. And how much would the increase be? This is my first year of in-home so I don't even know what a reasonable amount would be.

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              • Gemma
                Gemma commented
                Editing a comment
                I think how much you can charge depends on where you're located, the kind of program you offer and how much clients are willing to pay you

                me? I've decided to quit at least temporarily at the end of this year
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