Fruit Snapshot

Fruit Snapshot

Fruit Snapshot. I'm Greg Martin with today's Fruit Grower Report. Each quarter NW Farm Credit Services does a quick snapshot of the ag industry. Jeff Fagg, Vice President of Agribusiness for Farm Credit takes a look at a fairly dismal second quarter in the fruit industry. FAGG: Well I believe that we could really say that the 2010 cherry and apple crops both from a production and marketing side will be defined by the very much abnormally cool weather that was experienced in May and June. The current cherry crop that's being harvested is coming in, in the range of 25 to 40% below expected yield. He says though that there is an upside to that. FAGG: The total amount of cherry production that will be available for sale in the marketplace is going to be in a level that is and will provide for profitable pricing and growers that are able to harvest a crop near average yield history will certainly have the opportunity to make some profits. Reduced yields though have been seen across the region. FAGG: And in some cases there's pockets of empty blocks that were either hit hard with pre-harvest rains or issues during pollination. Size is an issue right now as almost across the board we are seeing at least one size smaller fruit and in some cases, two. More tomorrow. That's today's Fruit Grower Report. I'm Greg Martin on the Ag Information Network.
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