US: Potato prices recover, but still in the red

The good news for potato growers is that the prices they are receiving for fresh spuds this winter is about twice what they were getting last January. The bad news is that price is still below their cost of production. “Growers are probably paying their bills, but they’re not making much,” said Paul Patterson, University of Idaho extension economist at Idaho Falls. Fresh potato prices are expected to average $7.75 to $8 per hundredweight, up from $3.80 to $4.50 last summer. Production costs average around $8 per hundredweight in early fall, rising to around $9 by summer thanks to storage costs that keep accruing until the crop is sold. More