As we conclude our six part Northwest Farm Credit Services quarterly commodity snapshot series, we wrap up with the wine and nursery industries. Bill Perry, Vice President at NWFC said their 12 month outlook calls for slight profits for both vineyards and wineries.
“Current relatively low grape supplies are increasing pricing, but the industry remains overplanted and good yields would push prices down. Some wineries are very profitable while others continue to struggle depending on their sales channels. Overall, flat consumer demand means wineries will have to find creative ways to capture market share and profits.”
When it comes to nursery & greenhouse operations the expectation is for profitability.
“Market fundamentals, such as a strong housing demand, should keep sales strong,” Perry continued. “Supplies are balanced but limited enough to keep prices stable. Increasing labor and freight costs will impact growers’ returns.”
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