NWFCS Expecting Mixed Bag From Cherry, Wine industries

As we wrap up our week long series focused on the Northwest Farm Credit Services Quarterly Commodity Snapshot, we look at cherries and the wine industry.  Bill Perry, EVP of Lending and Insurance with NWFCS, said the 12-month outlook calls for a mixed bag for Northwest cherry growers.

“Profitable returns from early and late season cherries, while mid-season cherries are expected to return slight profits.  The decreased California crop opened the market for early Northwest cherries; as is typical increased supplies in mid-season depressed prices.”

When it comes to wine, Perry says they expect modest returns for the vineyards, while winery returns are expected to be profitable.

“New products and younger consumers groups present opportunities despite the larger trend of slowing alcohol consumption.  High grape supplies continue to challenge vineyards especially growers on contracted acreage,” Perry added.

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