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NEWS STORIES

Falling Cranberry Prices May Hurt GrowersSubmitted: 05/07/2013
Story By Associated Press

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)

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