As we continue our Northwest Farm Credit Services Quarterly Commodity Snapshot, we turn to the tree fruit industry. Northwest Farm Credit Services EVP of Lending and Insurance Bill Perry says their 12-month forecast for apples calls for modest profitability.
“Estimates call for a larger crop which could pressure prices. Although trade tensions have eased with some countries, finding enough markets especially for older varieties will be challenging.”
Some of the biggest trade question marks for the apple industry remain China and India. When it comes to pear growers, Perry says they see profits at the margin.
“The official crop estimate says production will be similar to last season, however, reports from the northern Washington growing region indicates the crop is smaller than estimated. Although the pear industry is working hard to improve consumer demand, solutions may take a few years to create success. Therefor soft prices are expected again this year.”
Once again, NWFCS’ Bill Perry, join us Friday Beef and Dairy take center stage.
If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail [email protected]