Bah humbug: Expect to shell out more for a Christmas tree this year | CNN Business

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Expect to pay more for that perfect fir, pine or spruce compared to last year

In the spirit of holiday cheer, here’s the good news first: Christmas tree farms say this year’s harvest looks good and they don’t expect shortages. But here’s the reality check. . As with so many products lately, blame inflation. Tree farms’ operating costs — from labor and raw materials to shipping trees to retailers —have also risen over the last year.

But while consumer price inflation is hovering above 8%, farmers’ production costs are skyrocketing much higher as fees for labor, fuel, seed and fertilizer continue to rise. “Agriculture inflation has far surpassed consumer inflation,” said Bob Shaefer, CEO of Noble Mountain Tree Farm, a 4,000 acre wholesale farm in Salem, Oregon, that produces half a million trees a year. Shaefer said Noble Mountain expects its wholesale prices to go up 8% this holiday season from a year ago.

 

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ChristineRomans nmeyersohn because we need CNN to tell us everything is more expensive 🤑

War is going on in different countries. Please take care of your capital because you have worked hard for it and always move forward with caution. Thank you.

Christmas has been going downhill for years. Not the same anymore. All about money and commercialism… It’s not fun anymore.

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 /  🏆 4. in TH

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