Perfect Storm Hits Apple Farmers: Bumper Crops, Rising Costs, and Global Troubles Squeeze Growers
• Apple prices plunged 7.9% from September to October due to ideal weather conditions leading to a bountiful crop this year • Domestic competition has increased with lower shipping costs, while exports have declined amid trade wars and the Ukraine conflict • With stable apple pricing over the years, farmers are facing rising costs and tighter margins • Farmers are making adjustments like new varieties and planting techniques to improve efficiency and output • Industry consolidation is occurring as smaller growers struggle to stay competitive