Perry Expect Profits For Hay, Wheat Growers
As we wrap up the first half of our Northwest Farm Credit Services quarterly commodity snapshot series, wheat and hay take center stage. Bill Perry, Executive Vice President at Northwest Farm Credit Services said their 12-month outlook calls for profitable returns for area wheat producers.
“High prices, crop insurance payments and government programs cushioned potential losses from low production in 2021. Implementation of crop insurance and grain marketing strategies will provide tailwinds to small grains profitability.”
He also expects profitable returns for the hay industry as well.
“Extremely low inventory will keep hay prices elevated through much of 2022. Rising input prices will provide headwinds to producer profitability.”
Join us Thursday as we look at the beef and dairy industries across the Pacific Northwest.
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