Potatoes

starbust image Aerial Shot of Potato Plantation

Potatoes

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Executive summary

Industry information for Potatoes in the Pacific Northwest. Updated 3/31/2024
AgWest’s 12-month outlook for potatoes suggests break-even returns for contracted potatoes and slightly unprofitable returns for uncontracted potatoes.
12-MONTH PROFITABILITY OUTLOOK
Potatoes Indicator one image
INDUSTRY DRIVERS
  • A large 2023 Northwest crop has brought uncontracted potato prices to below break-even levels.
  • Some regions are having difficulties securing potato contracts from processors.
  • Fewer expected planted acres in 2024.

Profitability

Even with lower production costs, potato growers will face headwinds from fewer potato contracts and lower contracted prices. The USDA forecasts lower fuel and fertilizer costs for the 2024 growing season. However, lower production may not motivate farmers to increase potato planting due to unfavorable open-market prices, high interest rates and significant capital needs. Open-market prices have declined significantly and contract growers have expressed concern about securing favorable contract prices. If 2024 brings another large crop, producers will likely remain at or below break-even levels.



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Aerial Shot of Potato Plantation

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