As our Northwest Farm Credit Services Quarterly Commodity Snapshot series continues, we turn our attention to the nursery and greenhouse industry as well as fisheries. Bill Perry, Vice President at NWFCS, said their 12 month outlook anticipates strong profits for the nursery and greenhouse industry.
“The industry continues to benefit from the pandemic’s effects on consumers spending more time at home. Strong sales increases are expected to continue through 2021, but may normalize in 2022 as society reopens. The housing market is robust, which also supports continues sales.”
Perry added slight profits are anticipated for the seafood industry overall.
“COVID-19 disruptions including processing plant and restaurant closures have challenged the industry. Although restaurants are a huge sales outlet for seafood, consumers continue to show strong demand through retail outlets. Optimism for restaurants opening in 2021 bodes well for seafood sales.”
Join us Tuesday as we conclude our Commodity Snapshot Series with a look at potatoes and onions.
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