NWFCS: Hay Growers Expected To Enjoy Profits, While Wheat Growers Expected To Break Even

During today’s Northwest Farm Credit Services Quarterly Commodity Snapshot, we look at hay and wheat.  Bill Perry, EVP of Lending and Insurance at NWFCS, said they expect wheat producers to break even over the next 12 months.

“Strong global stocks continue to weigh on grain prices.  Returns for man rotational crops are below break even and yields varied significantly across the Northwest.”

The hope is an improved trade relationship will help Northwest wheat growers long-term.

What can hay growers expect?

“Northwest Farm Credit Services 12-month outlook suggests alfalfa will be profitable given tighter supplies and modest profitability for Timothy, due to an abundance of middle grade hay inventory.  Supplies of high quality hay are limited.”

Join us Tuesday as we wrap up our Snapshot series by checking in with cherries and wine.

If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com