Need Help
If you need help setting up services or accessing your accounts, please call our Customer Care Team at 866.552.9172 during business hours (7 a.m. — 5 p.m. PST, M-F) or email us at CustomerCare@AgWestFC.com.
Location
If you need help setting up services or accessing your accounts, please call our Customer Care Team at 866.552.9172 during business hours (7 a.m. — 5 p.m. PST, M-F) or email us at CustomerCare@AgWestFC.com.
Location
If you need help setting up services or accessing your accounts, please call our Customer Care Team at 866.552.9172 during business hours (7 a.m. — 5 p.m. PST, M-F) or email us at CustomerCare@AgWestFC.com.
Securely update and exchange balance sheet information with your AgWest team.
Put your idle cash to work with a suite of banking services that sweeps funds between accounts. Fees apply.
Drivers for the cherry industry include a very short 2022 crop, high prices supported by solid demand and rising operating costs.
12-Month Profitability Outlook
Supply
The 2022 cherry season came to an end with an estimated 12 million 20-lb box crop, the lowest volume since 2008 (the five-year average is about 21 million boxes). Unseasonably cold, wet weather along with hailstorms delayed bloom, limited pollination and damaged crops in the Northwest. Many growers faced increased operating costs due to fruit maturing at different rates. In addition, input costs remain significantly above prepandemic levels. Early season varieties (Chelan, Tieton, Bing, Rainier and Early Robin) experienced significantly lower volumes than later season varieties (Lapins, Skeena, Sweetheart and Regina) as seen in the chart below. Quality was highly variable based on site, harvest timing and variety. Labor availability improved over last year given the smaller crop, minimal overlap with Californian cherry harvest and reduced COVID-19 restrictions.
Weekly Cherry Shipments
Source: WSTFA Daily Cherry Shipment Comparison Report
Demand
Demand for cherries remained stable considering higher prices, variable fruit quality and the negative impact of high inflation on consumer wealth.
Pricing
Prices rose rapidly early in the season reaching double the five-year average before decreasing gradually as more supply entered the market. From late July through August, prices tracked more closely to historical averages.
Average Weekly Cherry Prices
Source: WSTFA Daily Cherry Pricing Comparison Report
Profitability will be variable this season. Growers with a greater proportion of late season varieties in their orchards likely saw adequate volumes with average to good quality fruit. Crop insurance will be important for others impacted by challenging weather conditions. While consumers generally showed a willingness to absorb higher prices, rising operating costs will pressure margins. Overall expect slightly profitable conditions for the cherry industry.
AgWest supports customers with a wide range of industry and business management resources.
Learn more