Perry: Slight Profits Expected For Apples Pears This Year

As our 2019 Northwest Farm Credit Services Quarterly Commodity Snapshot rolls on, we now focus on Apples and Pears.  NWFCS EVP of Lending and Insurance Bill Perry said they expect slightly profitable returns over the next 12 months for apple producers.

“Prices have increased, and producers anticipate modest returns for the remaining 2018-19 crop. With no trade resolutions in sight and more fruit expected, next season’s margins could be thin.”

When it comes to the pear crop, Perry said because of lackluster consumer demand their 12-month outlook calls for slight profits.

“Subdued shipments result in soft pricing despite high quality. Labor and disease management continue to increase costs.”

Join us Thursday as Perry talks about Hay and Wheat.

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