As we continue our look at Northwest Farm Credit Services’ quarterly snapshot, we turn out attention to tree fruits. Karen Witt, Vice President of NWFCS said pear growers should be slightly profitable this season.
“After four years of reduced tonnage, growers are warmly welcoming a large crop. The increased supply is pressuring prices. However, good quality should lead to high packouts and boost growers’ returns. Fruit size varies across varieties. Large-sized fruit will capture favorable prices, while smaller fruit is hard to market and prices will be pressured”
Meanwhile turning to apples, Witt said growers should look ahead to slightly profitable returns.
“Growers indicate the crop will be below the August 1 estimate of 131 million boxes as many varieties are picking lighter than anticipated. Good quality and shorter supplies should result in high packouts and good returns to growers. Tariffs are a headwind. Even as tensions have cooled with the proposed trade agreement with Mexico and Canada, tariffs remain on the table for India, Washington’s third-largest export market.”
Join us Friday as we wrap up our week-long series with Wheat and Hay.
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