Today we start our week long series of Northwest Farm Credit Services’ Quarterly Commodity Snapshots. And we start the week with area row crops. Bill Perry, Vice President of Lending and Insurance at Northwest farm Credit Services said their 12-month outlook on onions call is for slightly profitable returns.
“Given variability of packouts, returns will vary by producers and growing region. International competition driven by the strong dollar will continue to favor imports as domestic supplies remain low.”
When it comes to potatoes, Perry says they anticipate a profitable year for contracted and uncontracted spuds.
“An early cold snap froze as much as 15% of fresh market potatoes in Idaho. Other major production regions in the U.S. suffered the same fate.”
Join us Tuesday as we turn our attention to the Beef and Dairy industries.
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