Minnesota, sometimes known as “The Bread and Butter State,” may be better known for its wheat, flour and dairy products than its fresh produce, but Twin Cities residents have a penchant for fruits and vegetables.
Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
California growers are expected to produce 80 million cartons of navel oranges during the 2018-19 season, according to estimates from the U.S. Department of Agriculture. That’s an 11% increase over last year.