Low Supply of Xmas Trees Could Bring Black Friday Buyers Rush
CBS 2 News reports that Iowa's local tree farmers are bracing for a Black Friday rush on Christmas trees, and are worried they may not be able to keep up with demand.
Some say it's due in part to the 2008 recession when some tree farms were put out of business. The 2012 drought didn't help either. For the following few years afterward, there were fewer trees planted and nurtured.
The math backs up that theory because it takes 10 years for trees to grow to the customer's desired lengths. If you're finding shorter trees out there for sale, you might reason that the farmer is taking his cuts too soon, perhaps out of necessity.
But low supply does drive up demand, which can drive up prices. And higher prices help farmers invest in more seedlings to plant. So before this turns into any more of a high school economics lesson, let's just add that you do have options.
Festivus pole, anyone?