A report in the Farmers Guardian suggests that malting barley is a crop worth considering as there is talk of malting premiums of around £50/tonne over feed value for spring crops and £40 for winter crops.
In Scotland, where the spring crop is targeted at the distilling industry, the potential premiums could be up to £60.
HGCA economist Jack Watts said last week’s spot values for July feed barley were around £149 and with the malting premium and increasingly valuable straw added onto that, the figures began to stack up.
“On a margin basis it might well be something people might consider instead of some second wheats – but it is only really for those who are good at getting good winter barley yields,” said Mr Watts.
However, there was also the fact to consider that malting barley, generally maturing pretty much before anything else, could help spread the concentration of the harvest window.