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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.
Wednesday, August 13, 2014
BY TOM COX | OB BLOGGER
When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
Thursday, August 28, 2014
OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.
Tuesday, August 26, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?
Wednesday, August 27, 2014
Tom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.
Friday, August 22, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
When business intersects with family, a host of situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Tuesday, August 26, 2014
BY KIM MOORE
The ubiquitous fast-food restaurant may be on the decline.
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|Scotland votes to stay in United Kingdom|
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