NWFCS Expects Profits For Wheat Growers; Mixed Results For Hay Growers

As we wrap up our six part Northwest Farm Credit Services Quarterly Commodity Snapshot series today, we take a look at Northwest dryland crops, hay and wheat.

“The hay industry outlook calls for variable returns. Producers in drought-stricken areas produced less hay and losses are likely,” said Bill Perry Vice President At NWFCS. “On the other hand, producers with stable irrigation supplies will be profitable. Rising input costs will weigh on margins for all producers in 2022.”

When it comes to wheat growers, Perry says their expectation is for slightly profitable returns.

“Drought conditions curbed winter wheat production and spring crops yields were poor in many areas,” Perry added. “However, crop insurance and government payments will boost producer returns for 2021. Rising input costs will drive narrower margins in 2022.”

Click Here to check out our previous Commodity Snapshots.

If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail [email protected]

Share on facebook
Share on twitter
Share on linkedin

Leave a Reply

Your email address will not be published. Required fields are marked *