NWFCS: Timber, Nursery Expected To Enjoy A Positive 2020

As we wrap up our six part quarterly commodity snapshot series today, our attention turns to Timber as well as the Nursery and Greenhouse industry. Bill Perry, Vice President at Northwest Farm Credit Services said their 12-month outlook calls for slightly profitable margins for timberland owners and forest products manufacturers.

“Although markets were improving at the beginning of 2020, forecasters expect subdued end-market activity through the summer and pricing is being pressured down. Still, timberland owners and mills are expected to be slightly profitable for the year.”

Perry added NWFCS’ outlook for the nursery industry remains positive for the next 12 months.

“Growers report strong orders and an early start to the spring shipping season. However, rapidly changing market conditions due to the COVID-19 pandemic create uncertainty for consumer demand. Spring will bring challenges and opportunities for the industry,” Perry noted.

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