Perry: Row Crops Look To Enjoy Profits Despite COVID-19 Disruptions
Day Four of our Northwest Farm Credit Services quarterly commodity snapshot, and area row crops take center stage. Bill Perry, Vice President at NWFCS, said the 12-month outlook suggests break-even to slightly profitable onion returns.
“Onion size and quality are favorable. Yet, producer returns remain sensitive to restaurants reopening.”
When it comes to potatoes, Perry noted contracted and fresh market producers are looking at slightly profitable returns.
“Average yields combined with fewer planted acres lowered total production,” Perry noted. “Potato processors reduced contracts during planting due to COVID-19 concerns and may have to purchase uncontracted potatoes. Uncontracted potatoes sold to processors will be profitable.”
Join us Friday as we wrap up our weeklong series taking a look at wheat and hay.
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