As we continue our Northwest Farm Credit Services quarterly commodity snapshot series, we look at local row crops. Bill Perry, Vice President at NWFCS said their 12 month outlook suggests slightly profitable returns for contract potato producers.
“Favorable demand driven by the return of restaurant demand will provide tailwinds to producers and processors alike.”
When it comes to onions, Perry says they anticipate slightly profitable returns.
“Storage onion prices are low. Demand for medium to large onions is driving prices higher.”
And when it comes to the 2021 sugar beet crop, Perry says their 12 month outlook is favorable with profitable returns.
“Falling stocks-to-use ratio as forecast by the USDA from 14.3% (2020-21) to 11.8% (2021-22) is favorable for Northwest producers. Warming temperatures are expected to increase growth after headwinds from cooler spring weather.”
Once again, Bill Perry, Vice President at Northwest Farm Credit Services. Join us Monday, as Dairy and Beef Cattle take center stage during our commodity snapshot series.
If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail [email protected]