Recession, Global Trade Hurts Oregon Farm Income
The global recession uprooted Oregon farmers last year – despite record food prices.
In fact, the state’s entire ag industry got hit, according to a new report from the Oregon Department of Agriculture.
Shannon Neibergs is a livestock economist with Washington State University.
He says the global economic slowdown has hurt Northwest farm exports.
Shannon Neigbergs: “For the pork and the beef cattle, the profits aren’t there. So the breeding herd are at 30-plus year lows. The farm producers are losing money. And really the only way to change that is for consumers to start paying a larger percentage of their budget towards food.”
Income for the state’s farmers in 2008 held basically flat from the year before – and continued a downward slide going on since 2003.
The state agriculture report showed that another real culprit for slowing profits was a big increase in costs for things like fertilizer, pesticide and gas.
© 2009 OPB
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