Lumber and sugar beets

Northwest Farm Credit Services says forestry and sugar beets in the region can expect profitability this year.

NWFCS Vice President Bill Perry says their 12-month outlook for the forest products industry expects profitable timberland operations and very profitable processing operations.

“Mills have reached a new level of profitability as product pricing sets new records. For timberland owners, strong domestic demand should keep log prices favorable, supporting profitability, even as log supplies remain elevated in some regions.”

 

Meanwhile when it comes to sugar beet producers, Perry says the 12-month outlook expects profitable returns.

“The USDA forecast suggests the stocks to use ratio will increase to 15.1 percent, up from 12.9 percent. Higher stocks to use tends to provide head winds, but the potential for normalized consumer demand looks to bolster producer profitability.”