Profits Expected For Both Nursery And Wine Sectors
As we continue with our Northwest Farm Credit Services Quarterly Commodity Snapshot series, we take a look today at the nursery and greenhouse industry as well as Northwest wine. NWFCS Vice President Bill Perry said slight profits are expected for both vineyards and wineries.
“Although wine grape prices are increasing, reduced yields will limit growers’ returns. Consumers are showing a willingness to pay more for wine again, but overall consumption remains flat, and the industry continues to fight for market share with other adult beverage segments."
When it comes to the 12-month outlook for the greenhouse and nursery sector Perry says profitable returns are expected.
“Market fundamentals such as strong housing demand should keep sales strong. Supplies are balanced but limited enough to keep prices stable. Increasing labor and freight costs will impact growers’ returns.”
Join us Wednesday as our Quarterly Commodity Snapshot series continues with Tree Fruit.
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