Michigan Potato Stocks Rise in 2024

April Estimates Show Increase in Storage Compared to Last Year

By Andi Anderson

Michigan's potato stocks showed a notable increase in April 2024, reaching 4.10 million hundredweight (cwt), marking an 11% rise from the previous year's 3.70 million cwt. This surge represents 19% of the total production and includes potatoes stored by both processors and growers.

Nationally, the potato storage landscape also witnessed growth, with stocks totaling 142 million cwt on April 1, 2024, a 17% increase from the previous year. These stored potatoes accounted for 32% of the 2023 production, reflecting a 2% rise from the same period a year earlier.

Season to date disappearance, a key metric, saw a 6% increase from the previous year, reaching 299 million cwt. However, season to date shrink and loss escalated by 20%, reaching 21.9 million cwt. Processors in the eight states utilized 155 million cwt of potatoes for the season, marking a 3% increase from April 2023.

Comparing Michigan's potato production and stocks with the 13 major states, data reveals steady growth. The 2024 crop stocks in Michigan stood at 4,100 thousand cwt, while the major states reported 142,100 thousand cwt in storage.

These statistics indicate a robust potato industry, with ample stocks to meet demand and support various processing needs. Growers and processors alike can leverage this data to make informed decisions regarding planting, storage, and distribution strategies.

The rise in potato stocks, both in Michigan and nationally, presents opportunities and challenges for stakeholders across the supply chain. While increased storage may offer stability in supply, it also necessitates efficient management to minimize shrink and loss.

The April 2024 potato stock estimates provide valuable insights into the health and trajectory of the potato industry, guiding stakeholders in navigating market dynamics and optimizing their operations for continued success.

Photo Credit: gettyimages-npantos