NW FARM CREDIT SERVICES 1ST Q SNAPSHOT

Published online: Apr 19, 2012 Potato Storage, Potato Harvesting, Seed Potatoes
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SPOKANE, Wash.-Strong agricultural markets are fueling producer optimism this spring. Prices are high for many commodities, supported by tight supplies and strong demand. Decreased profit margins remain an industry risk in the face of rising input costs.

The following highlight depicts the general health of select industries included in Northwest Farm Credit Services Knowledge Center Market Snapshots, which are available at
www.farm-credit.com/resources.

For potatoes, year-over-year potato production was up 11 percent in Washington and 12.5 percent in Idaho in 2011. Planted acres are expected to increase only slightly in 2012 due to competition for ground. Relatively tight supplies, increased exports and strong processor demand should continue to support potato prices in 2012.

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