Profitable Returns Expected For Wheat & Hay Growers
As our Northwest Farm Credit Services’ quarterly commodity snapshot continues, we turn our attention today to hay and wheat. Bill Perry, Vice President at Northwest Farm Credit Services said their hay industry outlook suggests profitable returns.
“Strong demand, limited supplies and high prices will support profitability for alfalfa and timothy hay growers. Livestock producers who did not have enough production to feed the animals on their operations will face challenges finding hay available for purchase."
And what’s the expectation for the local wheat crop?
“The outlook anticipates profitable returns for wheat producers. Yields and protein levels are consistent with five-year averages. Rising input cost will narrow margins in 2023.”
Join us Monday as we wrap up our Northwest Farm Credit Services quarterly commodity snapshot series with a look at cherries and wine.
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