For the sixth year in a row, Oregon farmers and ranchers recorded increased sales. Last year they recorded $4.9 billion in sales.
A report by Oregon State University said that sales in 2008 improved by 1.2 percent compared to the $4.8 billion generated in 2007.
The increase in sales is due to the increase of crops and livestock that offsets decreases in ornamental crops, forest products and cattle.
Crops made up 71 percent of all sales. Crops grew by 1.3 percent to $3.5 billion in 2008 compared to 2007 according to the report. The final 29 percent is made up by sales of livestock, dairy products and poultry.
According to a report released by the OSU Extension Service said cattle sales fell 6.6 percent due to inventory and prices.
Although the economy is at a rough spot today, farm loans are available. In the early months of the year sales numbers look promising. Contact a representative at Farm Plus Financial with any questions or concerns about farm loans or ranch loans. Rates are still at historic lows, it may be worth looking at a new interest rate to help offsetÂ costs that you may beÂ enduring due to theÂ economy.Â Call 866-929-5585 or visit online.