NWFCS: 2017 Apple Crop Larger Than Thought, Pear Crop Smaller
Northwest Farm Credit Services recently released their 4th quarter outlook of regionally grown commodities. In part one of our five part series, we take a look at tree fruits. The 2017 apple crop has been revised upward, and is now the 2nd largest on record. Karen Witt, NWFCS Vice President said larger crop could damped prices.
“However, smaller crops for the U.S. east coast, Canada, Mexico and Europe should increase demand for Northwest apples. Northwest Farm Credit Services profitability outlook remains strong for growers with varieties matching domestic consumer demand.”
Witt noted growers with older less desirable varieties continue to see profits dampen.
As far as pears are concerned. Witt said the 2017 Northwest crop is forecast to be the smallest since 2006, at 17.1 million boxes. She said that decrease is due mainly to production decreases. Witt added NWFCS expects slight profits for the industry.
“Some production decreases are due to less pear acreage. However, the reason for reduced yields is unknown. Although prices are up for Bartlett and Bosc crops, shipments are slower than the five-year average and pricing pressures will occur if shipment pace does not pick up.”
If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com
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