When it comes to the tree fruit industry, Northwest Farm Credit Services expect mixed results this year. Bill Perry, Northwest Farm Credit Services’ Vice President said when it comes to apple growers, their 12-month outlook calls for slight profits.
“The large crop has tempered prices,” Perry noted. “However, good fruit movement and continued trade agreement momentum should support prices in 2020. Varieties and quality continue to play a role in profitability.”
Meanwhile when it comes to pear growers, NWFCS expects growers to break even this season.
“Lower than anticipated supplies have increased prices. However, prices don’t often make up for lost production. For growers with frost damage, low production issues are compounded. Increasing costs and lower consumer demand are making it difficult for the industry to generate profits.”
Join us Thursday as our Northwest Farm Credit Services Commodity snapshot transitions to the drylands; wheat and hay.
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