costs will create tailwinds for ….

costs will create tailwinds for beet grower profitability.

Small Grains

The outlook for small grains and pulse crops suggests slightly profitable returns. While improved from previous years, drought continues to impact winter wheat conditions. Prices are softening as Russia floods the export market with cheap wheat. Producers will face headwinds from wheat prices declining faster than production costs and pressure from higher interest expenses.

Wine/Vineyard

The outlook sees wineries as slightly profitable and vineyards as breakeven. Drivers include good quality on the 2023 vintage, lower-than-expected production in Washington, excess wine supply across the West Coast and strong direct-to-consumer sales.