Home Back Issues June 2009 Fields of few dreams

Fields of few dreams

| Print |  Email
Archives - June 2009
Monday, June 01, 2009
ATSWheatWhat 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.
JENNY FURNISS
 

More Articles

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...

Register for 100 Best Companies survey

News
Wednesday, August 20, 2014
OBM-100-best-logo-2015 150pxwBy Kim Moore | OB Editor

The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper journalists move into brand journalism.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


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