Late Start on Farming Delays Locally-Grown Food
Wednesday, June 5, 2013
This year, local farmers planted late so they harvested late and now markets are filling up late.
So what's all this mean for your bottom line? The short supply of locally grown produce will not mean higher prices, but at least one finance professor says, 'not so fast.'
"It depends upon how severe a shortage gets," said University of St. Thomas Professor David Vang. "If it gets bad enough, there's just going to be too much temptation for the local farmer to not raise his prices if he or she knows she can get it."
Vang says that even though he believes prices for locally grown produce could rise if the shortage becomes severe enough, he does not expect any price changes at major-chain grocery stores. He says that's because major-chain stores are accessing crops from throughout the Midwest, not just right in our backyard.
Originally published: 06/05/2013, KSTP-TV