Market update report

What is this? AgWest conducts a profitability analysis of its core industries every quarter by surveying its lending, appraisal and insurance staff and having discussions with industry experts. Results provide a high-level overview of the health of each industry. Actual profitability may vary significantly by operation. Below is a summary of our latest results.  

Summary: The distribution of profitability across agriculture held relatively stable this quarter. Low prices, persistently elevated input costs and trade policy remain headwinds. Slight changes in profitability occurred over the last quarter, with apple packers as well as lemon, timothy hay and uncontracted potato producers weakening slightly. Conditions for wheat producers improved slightly, but remain unprofitable. The following table details current profitability and the 12-month outlook by industry in AgWest’s territory. 

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