As we start our third installment of our Northwest Farm Credit Services Quarterly Commodity Snapshot Series, we turn our attention to local row crops.
“Slightly profitable returns are expected for contract potato producers. Uncontracted potato producers will benefit from higher prices as modestly lower yields are realized,” said Bill Perry is Vice President at NWFCS. He added when it comes to onions, the outlook suggests slightly profitable returns.
“Producers with high-quality, large onions will have favorable returns. Producers with smaller onions will face headwinds.”
Perry noted the outlook for the 2021 sugar beet crop is favorable, “…with profitable prices, yields and sugar content. Looking ahead to 2022, higher fertilizer and chemical cost will weigh on producer profitability.
Be sure to join us Tuesday as our commodity snapshot series continues with a look at the local nursery and wine industries.
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