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Ag prices climb

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Sunday, June 01, 2008

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Farmers have reaped some benefit from costlier global commodities. In 2007, the index of Oregon prices received by farmers for all products grew 12% over 2006 and 27% over 2003. And the estimated value of exports from Oregon farms grew 10% in fiscal year 2006 to reach $1 billion. Yet higher expenses caused Oregon farm income to drop 10% in 2006 to $876 million. Greenhouse and nursery still top the state’s most valuable ag products, accounting for more than a quarter of 2006 commodity value, followed by cattle, grass seed, dairy products and hay.

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