9/19/2014

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Primeland Cooperatives says wheat price is disappointing compared to 2012

Primeland Cooperatives says wheat price is disappointing compared to 2012
LEWISTON, ID - Idaho farmers are on pace to set another record for exports this year.

According to the Idaho State Department of Agriculture, Idaho is expected to set a record for agricultural exports for the third consecutive year. Overall,exports in the grain, seed and fruit category rose almost 13% up to $98 million.

Locally, the numbers represent the rise as grain production for 2013 fared pretty well.

"We saw a slight volume increase overall from our entire company origination," said Primeland Cooperatives Grain Division Manager, Russell Braun. "And that was due largely because probably more production area above that 1800 feet in elevation than below."

While the quality's been good, Primeland Division Manager Russell Braun said prices have been disappointing. In comparison to 2012, an overall reduction in gross revenue reached as high as 20% this year. Last year harvest prices were around $9 a bushel while this year they're $8 and below.
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