Loading

19°F

22°F

23°F

24°F

18°F

24°F

23°F

23°F

18°F

20°F

23°F

27°F

23°F
EMAIL THIS STORY

Falling Cranberry Prices May Hurt Growers Submitted: 05/07/2013
MILWAUKEE - Cranberry growers may get less for their crop than they spent to grow it.

Many invested in new plants or in expanding their farms, only to see fruit prices fall.

Tom Lochner is executive director of the Wisconsin State Cranberry Growers Association.

He says a big harvest in Canada led to a worldwide surplus.

Lochner says cranberry farmers who do not belong to a cooperative are getting 22 to 28 dollars per 100 pounds for their fall crop.

It costs them 25 to 30 dollars per 100 pounds to grow them.

Lochner says prices could fall MORE if something isn't done.

The U.S. Department of Agriculture has agreed to buy 5-million dollars worth of cranberry juice concentrate for domestic food assistance programs.

Lochner says that WILL help, but it won't eliminate all the excess.

(Copyright 2013 Associated Press - All Rights Reserved)


Story By: Associated Press

Text Size: + Increase | Decrease -
 

Email this article to a friend: 


*Your Name:
*Email Address:
*Recipient Name:
*Email Address:
Comment/Question
  Enter the code you see below:

Code:
     


Search: 




Click Here