As we continue our six part quarterly commodity snapshot series, we look at area row crops. Bill Perry Vice President of Lending and Insurance at Northwest Farm Credit Services said the expectation for onions is below breakeven prices.
“COVID-19 fears and onion quality issues are negatively impacting current prices. However, the 2020 crop is being planted in excellent conditions and is earlier than in past years.”
Perry went on to say the 12 month outlook for potatoes calls for slightly profitable returns for both contracted and uncontracted spuds.
“Inventory is lower year over year and higher prices will ration supplies for the rest of the 2019-20 marketing season. Going into the 2020 crop year, the outlook is moderately favorable for producers.”
Join us Thursday as turn our attention to cherries and wine.
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