Pandemic Supply Chain Top Areas Of Concern To Start 2022

While it may not have been a “normal year”, 2021 was good for farmers, according to American Farm Bureau Federation Chief Economist Roger Cryan. And Cryan said 2022 is continuing with the “not normal” theme, as issues from the past two years pour into the New Year. “The pandemic is not over. So, people are […]

NMPF, USDEC Pleased With Recent USMCA Ruling

The National Milk Producers Federation and the U.S. Dairy Export Council are applauding this month’s decision that Canada improperly restricted access for American dairy producers. The ruling by the USMCA Dispute Settlement Panel is the first under the updated trilateral trade agreement. NMPF executive vice president, Jaime Castanado said much of the new, small access the […]

Late Season Rains Boost Argentina’s Wheat Crop

Currently the global focus, when it comes to wheat, is Argentina. World Ag Outlook Board Chair Mark Jekanowski said harvest in the South American country is nearly complete at this point. When farmers were planting this year’s crop, they were struggling with dry conditions. “But they got some beneficial rains late in the season, just […]

Tight Oil Supplies Push Oil Prices Higher

Oil prices rose slightly in Monday’s trade, thanks to the expectation that oil supply will remain tight globally. Despite a recent increase in oil production from Libya, the anticipation is there will not be enough oil for economies and consumers as eyes turn to a hopeful life after COVID-19. Despite light trading action because of […]

Profits Expected For Grape Growers, Wineries

As our six-part Northwest Farm Credit Services quarterly commodity snapshot series comes to a close, we wrap up with area wineries and cherries. Bill Perry, Vice President at NWFC said the 12-month outlook anticipates profits for vineyards and slight profits for wineries. “Although crop size is below historical averages, low inventories and strong demand are […]

PNW Wheat Stocks Drop 43% Year-Over-Year

According to NASS, all wheat stocks dropped 43% from December 1st, 2020, to December 1st, 2021. Wheat stocks in Washington totaled 82.6 million bushels, down from 147 million bushels in storage a year earlier. Off-farm stocks were down 44%, while on-farm stocks were down 38% compared to the previous year. In Oregon, wheat stored in […]

AFBF Lays Out Priorities For 2022

During last week’s American Farm Burau Federation Convention, farmer and rancher delegates adopted policies to guide the organization’s work in the year ahead. “What’s most noteworthy is the amount of time they spent discussing livestock markets and our folks are calling for greater transparency, working for more sunlight into how cattle are marketed,” said the […]

Don’t Call It A Comeback

When the USDA released its January crop production report, one of the statistics that made USDA Chief Economist Seth Meyer sit up and take note, was the large increase in planted winter wheat acres. “Second year in a row that we’ve seen increasing wheat acres over a long-term decline.  Have we broken that long-term decline?  […]

Expectations For Area Row Crops Mixed Into 2022

Today’s Northwest Farm Credit Services quarterly commodity snapshot series takes a look at row crops across the PNW. Bill Perry, Vice President at NWFCS, said their 12-month outlook projects that contract potato producers will be profitable. “Open potato returns are projected to be slightly profitable. The amount of uncontracted potatoes acres will likely decrease as […]