August 2, 2022

Ag Economy

Vegetable/Potato Industry Snapshot

Fresh market vegetables

  • Wholesale pricing, while varying by variety, has largely been disappointing for many Northeast growers. Coupled with sharply rising input costs, and rising wages, this is squeezing margins for many growers. 

Potatoes

  • Maine saw record yields in 2021, and a bumper crop, at 18.42MM cwt. This, coupled with short crops in other major growing regions, put Maine growers in a favorable position. Pricing has largely held strong for product moving out of storage, and demand has been robust. 
  • Both seed and tablestock markets are also good, with prices similar to last year and quality being very good. Chipstock movement has been steady, although a large Maine crop could prove a challenge to market, as chipstock demand has not been as strong as french fry demand and ample chipstock supplies nationally. Contract volumes in Maine were higher than the previous year and some extra buying has occurred. Cross-border trade restrictions due to the discovery of Potato Wart Fungus in Canada continue, which has had a positive price effect for U.S. growers.  
 

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