High inflation doesn’t deliver higher returns to growers

Consumers are seeing inflation from many industries including food. U.S. government figures show that wholesale food prices surged 2.6 percent in May on top of a 2.1 increase...

By Greg Johnson

June 17, 2021

1 minute read

High inflation doesn’t deliver higher returns to growers

Consumers are seeing inflation from many industries including food.

U.S. government figures show that wholesale food prices surged 2.6 percent in May on top of a 2.1 increase in April, which experts say will raise the cost of groceries for upcoming months.

Yet we ran a story Monday from ProduceIQ showing the overall product market prices keep dropping, down nearly 10 percent from the previous week, according to the company’s index.

I talked with ProduceIQ CEO Mark Campbell June 16 to see why we have such a disconnect.

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Greg Johnson is Director of Media Development for Blue Book Services

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