Perry: Hay Will Enjoy Profits, While Wheat Looks To Breakeven

As we continue with our six part quarterly commodity snapshot, we look today at hay and wheat. Bill Perry, Vice President at Northwest Farm Credit Services started out focused on hay.

“Northwest FCS’ 12-month outlook suggests alfalfa profitability will moderate as producers intend to plant more acres in 2020. Large inventory of mid-grade timothy continues to drive weak prices. Export prospects remain favorable despite trade disruption.”

When it comes to wheat, Perry said NWFCS’ 12-month outlook calls for break-even returns.

“USDA’s projected 2019-2020 season average farm price for all-wheat is $4.55 per bushel, down $0.61 from last year. Variability in yield and quality will drive individual producer profitability.”

Join us Monday As we wrap up our series taking a look at Forest Products and the Northwest Nursery Industry.

If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com