As we continue with our Northwest Farm Credit Services quarterly commodity snapshot series, we turn our attention to wheat and hay. Credit Union Vice President Bill Perry said breakeven returns are anticipated for wheat producers.
“Drought stunted winter wheat crops while extinguishing spring wheat. While some areas will have average winter wheat crops, other spring wheat crops are being terminated. Crop insurance will provide much needed support to wheat producers.”
Perry noted, when it comes to hay growers, the 12 month outlook calls for slightly profitable returns.
“Producers in drought-stricken areas will face headwinds to production and profitability. Producers with stable irrigation will benefit from higher hay prices.”
Join us Wednesday as our attention turns to Forestry and Fisheries.
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