Market Snapshot Part 2

Market Snapshot Part 2. I’m Greg Martin with today’s Fruit Grower Report.

Today we take a look at 2 more parts of the ag industry as part of the Farm Credit Market Snapshot. Michael Stolp, Vice President - Market Research and Development for NW Farm Credit Services talks about the wine industry.

STOLP: The outlook for the Northwest wine and vineyard industries is generally positive for 2013. An early spring and warm weather conditions throughout Washington and Oregon hint at the possibility of another strong crop year, although rainy weather in Washington has presented some challenges in crop management. While the wine supply gap in California is narrowing, enough of a shortage remains to boost grape prices. Northwest wineries report optimistic sales growth for the first part of 2013. Although increasing wine sales suggest an improving economy, some uncertainty and volatility continues to linger in the marketplace.

And he discusses how the nursery industry is faring.

STOLP: The nursery industry recovery is underway. An informal survey of Northwest FCS’ nursery customers reveals product sales are up nearly nine percent year to date through May 31 compared to May 31, 2012. Additional sales are the result of weather patterns throughout the country that contributed to new sales opportunities. Supply shortages in some plant varieties have created new market options.. Producers could experience profits in 2013 that have eluded them for several years. Most producers are communicating more optimism now than since the downturn began in 2008.

That’s today’s Fruit Grower Report. I’m Greg Martin on the Ag Information Network.