Perry Anticipates Strong Year Ahead for Fisheries, Nurseries
Now that we’ve cleared the halfway point of our Northwest Farm Credit Services’ quarterly commodity snapshot series, we look at the local fishery, nursery and forestry industries. Bill Perry, vice president at NWFCS, said they see fisheries being profitable over the next 12 months.
“Solid harvest levels are being met with strong market demand and pricing across nearly all fisheries except snow and king crab. The season’s salmon run was successful, and Bristol Bay experienced a record catch. While not a major concern yet, rising input costs continue to pressure margins and raise the cost to repair and build vessels.”
And when it comes to the nursery/greenhouse sector, Perry says they expect profits.
“Prices and demand are strong and have offset rising input costs. The industry faces headwinds, including container and material shortages, declining consumer wealth and home affordability. Fortunately, the customer base grew during pandemic lockdowns, which should support demand in the near term."
When it comes to forest products, Perry expects profitable conditions for forest product manufactures and timberland owners.
“Lumber supply and demand is at, or approaching a balanced level, and prices seem to be settling above historical averages. Log prices have held up well this year.”
Join us Friday as we turn our eyes on wheat and hay.
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