As we wrap up our Northwest Farm Credit Services’ Commodity Snapshot Series, we look today at area row crops, onions and potatoes. Bill Perry NWFCS Vice President said their 12 month profitability outlook suggests breakeven onion returns.
“Damage to the Texas onion crop during the February cold snap will shrink national onion supplies. The northwest is well positioned for the remainder of the 2020 storage crop to capture rising prices in the onion market.”
Perry added the 12 month outlook also suggests slightly profitability returns for contract potato producers.
“Open potato returns are projected to be breakeven as growers face a higher cost of production. Fuel and fertilizer costs are up 8%-25% since the beginning of 2021,” Perry continued. “The pace at which restaurant sales return to normal will be a key driver for the industry.”
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