Shawn Goggins reports that Washington State’s potato industry has lost $995,000,000 due to the pandemic, but the seemingly stratospheric figure is the better scenario, according Chris Voigt of the Washington Potato Commission.
Goggins reports that in mid-April of this year, industry experts predicted that 1 billion pounds of unsold and/or wasted potatoes. But, as the phased reopening of each county’s economy in the state progressed and businesses reopened, processors bought back the 600,000,000 they gave back to farmers when they were initially forced to shut down.
In fact, as of this week, the last of the 600 million potatoes allotted to processing were used up. In addition, another 200 million pounds were also diverted to dehydrated potato products.
Source: iFiber One News. Full report here