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The 12-month profitability outlook from AgWest Farm Credit, formerly Northwest Farm Credit Services, suggests slightly profitable onion returns. According to the lender’s quarterly Market Snapshot report released in January, profitability in 2023 will depend on growing conditions and moisture. Producers with larger-sized onions in storage are well positioned to capture higher prices, given lower yields and shorter 2022 onion inventories across the Northwest. White and red onions in the Northwest, however, could face price pressure once Mexican onions enter the market. The report goes on to say that ongoing supply chain and input cost challenges will create headwinds for producer profitability.
