Home Archives December 2007 Ag sets record prices but costs nip income

Ag sets record prices but costs nip income

| Print |  Email
Saturday, December 01, 2007

{safe_alt_text}

STATEWIDE Key agricultural industries are earning record prices this year, making 2007 a very good year for many of Oregon’s ag producers. However, rising costs mean net farm income in 2006 was down almost 10% from the year before.

At almost $10 per bushel, wheat is selling at the highest-ever price in Oregon, more than double what it sold for in 2006, says Bruce Pokarney of the Oregon Department of Agriculture.

Hazelnut growers negotiated the second-highest price in history, says Polly Owen with the Oregon Hazelnut Commission; the USDA reports an average selling price of $.70 per pound, up from $.54 last year (the highest-ever price was $1.12 in 2005).

While production is down about 10,000 tons from last year, Owen says this is not worrisome because hazelnuts are alternate bearing, and swings in production can be much greater.

Greenhouse and nursery products, Oregon’s No. 1 sector, will make history this year as the state’s first sector to pass the $1 billion mark, according to Pokarney.

Blueberries are expected to earn record prices, and production will easily break 40 million pounds, 5 million more than last year, says Bryan Ostlund with the Oregon Blueberry Commission.

The unprecedented growth is attributed to the diet and health craze over the antioxidants in blueberries. “Nurseries can’t get enough plants out the door,” Ostlund says.

Potatoes are selling for $5.65 per 100 pounds, compared to $4.90 in 2006, because supply is down.

Pears are up to $568 per ton over $527 last year. Grapes, Oregon’s fastest-growing commodity, doubled in production value from 2004 to 2006, and Pokarney says similar growth can be expected this year.

On the downside, onion prices declined significantly from last year, at $5.06 per 100 pounds compared to $10.90 in 2006. And Pokarney notes that while prices are up for many crops, costs are also increasing.

An economic report for 2006, released in October, shows net farm income in Oregon was down 9.6% from 2005. While gross income is at all-time highs, costs are also escalating because of rising fertilizer, pesticide and fuel costs and increased property taxes.           

AMBER NOBE


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Eking out a living

News
Tuesday, April 08, 2014
04.08.14 thumb ourtable-coopfarmsBY HANNAH WALLACE | OB BLOGGER

It may be obvious, but most farmers don’t make a lot of money. According to preliminary data from the 2012 Agriculture Census, 52% of America’s 2.1 million principal farm-operators don’t call farming their primary occupation. Farm cooperatives may offer a solution.


Read more...

How to help your staff solve their own problems

Contributed Blogs
Friday, March 21, 2014
03.21.14 thumb coxcoffeeTOM COX | OB BLOGGER

During a recent talk to HR Directors, I asked if they saw leaders trying to solve every problem, instead of delegating to and empowering staff. Every head nodded. Every single one.


Read more...

Powerlist: Meeting perspectives

March 2014
Tuesday, February 25, 2014

BY BRANDON SAWYER

A conversation about the event-planning industry with sales directors from McMenamins and the Portland Art Museum. 


Read more...

Tech makes the world go round

Contributed Blogs
Thursday, March 20, 2014
03.20.14 thumb internetBY JASON NORRIS | GUEST BLOGGER

I don’t think anyone can (or should) remember what it was like to get things done without the internet. This milestone in technology has certainly benefited brick-and-mortar companies and subsequently launched a new era of businesses.


Read more...

Green eyeshades in the ivory tower

News
Friday, April 04, 2014
EducationCosts BlogBY ERIC FRUITS

The rapidly rising cost of higher education has left even the smartest researchers and the wonkiest of wonks wondering what’s happening and where’s all that money going. More and more, prospective students—and their families—are asking: Is college worth the cost?


Read more...

Why I became an educator

News
Tuesday, March 04, 2014
03.04.14 thumbnail teachBY DEBRA RINGOLD | GUEST CONTRIBUTOR

How can we strengthen the performance of institutions charged with teaching what Francis Fukuyama calls the social virtues (reciprocity, moral obligation, duty toward community, and trust) necessary for successful markets and democracy itself?


Read more...

The 2014 List: The Top 34 Medium Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS