Profitable Returns Expected For Wheat Hay Growers, Says NWFCS
As we conclude our six-part Northwest Farm Credit Services quarterly commodity snapshot series, we take a look at wheat and hay. Bill Perry, Vice President at Northwest Farm Credit Services, said the 12-month outlook anticipates profitable returns for wheat producers.
“Government weather relief programs bolstered growers’ already strong 2021 revenues. A wet, cool spring in the Northwest has producers monitoring for rust, but most wheat is in good condition. In Montana, drought conditions are causing headwinds for wheat yields.”
Perry says when it comes to the hay industry, NWFCS suggests profitable returns over the next 12-months.
“A cool spring with intermittent rains has damaged some of the hay crops in Idaho and Washington. Smaller than expected hay production, coupled with lower inventories and high feed prices, will support favorable prices for hay growers.”
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