NWFCS: Profitable Returns Expected For PNW Row Crop Growers

As we conclude our six-part quarterly commodity snapshot series, we turn to Northwest row crops. Bill Perry, Vice President at Northwest Farm Credit Services said their outlook suggests slightly profitable returns for onion growers.

“The short supply of remaining onions positions Northwest producers to receive favorable prices for early season onions. While onion prices are strong for remaining onion stock and the upcoming crop, rising input costs will pressure profits through increasing cost of production.”

Meanwhile, when it comes to potatoes, Perry says their 12-month outlook suggests profitable returns for contracted and uncontracted potato producers.

“Tight supply of potato stocks will place pressure on an early potato harvest. Current inventory levels leave little room for processors to transition to the new crop and fryers will likely not be able to fully rebuild their inventories in the coming year.”

And when it comes to the sugarbeet crop, Perry says they project profitable returns for growers over the next year.

“Strong competition from other profitable crops incentivized cooperatives to secure sugar beet acres. Beet growers were able to secure higher contract prices to combat rising input costs and inflationary pressures.”

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