Perry: Strong Profits Expected For NW Nursery, Greenhouse Sector In 2021

As we wrap up our six part Northwest Farm Credit Services quarterly Market Snapshot series, we take a look at fisheries and the nursery and greenhouse industries. Bill Perry, Vice President at NWFCS, expect strong profits for the Nursery and Greenhouse industry over the next 12 months.

“The industry has benefited from the pandemic’s stay at home orders, and sales have increased dramatically.  A strong housing market will support continued sales.  Although costs associated with COVID-19 mitigation efforts have cut into industry profits, margins are high and operations should be in the green this year.”

Meanwhile, when it comes to Northwest fisheries, NWFCS expects profitable returns over the next 12 months.

“Although 2020 hit the seafood industry hard with restaurant sales declining more than 50%, consumers remained hungry for seafood. Fisheries will continue to face challenges with ongoing COVID-19 protocols, changing total allowable catches and uncertain trade relations in 2021. There is optimism for increased demand as restaurant sales recover and retail demand remains strong,” Perry added.

If you missed any of our commodity snapshot segments, click on our Commodity Tab.

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