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A troubling year of drought, floods, and soaring inflation
Grass-seed consumption during the past year has been slower than during the two previous years when COVID-19 forced people to stay at home and devote more time to their gardens. Now that we’re back to normality, seed consumption has returned to typical levels.
Inevitably, there are other issues to worry about. Inflation, which has fallen from its highest levels, continues to be a concern, driven primarily by rising gas, electricity, and overall consumer prices. Inflation is still far higher than people are used to, which is why it continues to dampen consumer spending and reduce trade activity.
As always, the weather plays its part in the seed industry. Last year we enjoyed an exceptional harvest with abundant yields and excellent dry storage conditions. Not so for the 2023 seed production year, which offers a stark contrast to the success of the previous year.
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