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|Monday, June 01, 2009|
What will prices be at harvest this year? “That’s literally the million dollar question,” says Tammy Dennee, executive director of the Oregon Wheat Growers League. Many commodity prices have plunged since the recession began, others are flat, and there’s not much optimism in the fields these days.
According to Brent Searle, economist at the Oregon Department of Agriculture, Oregon grows more than 220 commodities, with 40 of them grossing more than $10 million each per year.
“Different commodities are being affected in different ways,” Searle says. “Almost all of them are either flat or down right now.”
Grass seed, Oregon’s second-most-valuable crop, is down because sales are tied to housing developments and golf courses. Both have drastically cut back on seeding.
Hop farmers also are facing a bleak market.
“Right now you can’t give a hop away,” says John Annen of Annen Brothers hop farm in Mt. Angel. “Nobody is buying right now. There is no market.”
Annen Brothers locked in their prices early by negotiating contracts with brewers to avoid selling their hops on the market.
And last year’s optimism in the wheat industry has evaporated. Farmers planted 90,000 fewer acres of wheat in 2009 than in 2008, in what Bruce Eklund, deputy director of the National Agriculture Statistic Service’s Oregon Field Office, calls a “nationwide phenomenon.”
The average price of wheat in 2008 was $6.50 a bushel, down $1.73 from 2007’s average. A bushel currently sells for $5.40, 10 cents below the break-even mark.
Blackberries are one commodity that could potentially see an improvement in sales. The demand is up and the stock of frozen blackberries is low, but so is investor confidence. “Buyers are hesitant because they don’t know where the market will go,” says Searle.
Thursday, June 26, 2014
Thursday, May 29, 2014
BY KIM MOORE
A conversation about credit unions with the CEOs of Advantis Credit Union and OSU Federal Credit Union, followed by June's Powerlist.
Thursday, May 29, 2014
The CEO of Axiom EPM, Peri Pierone, and the co-founder of McMenamins, Mike McMenamin, share their recent reads.
Friday, May 23, 2014
BY TOM COX | OB BLOGGER
There are very different learning and communication styles. We all need to take charge of helping our bosses and peers get along with us better, and a first step is in knowing your own work style along these seven dimensions.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.
From its first-ever member forum, to upcoming Board elections, the Oregon-based, non-profit health organization is focused on letting members control their healthcare destiny.