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Colin Risdahl

๐Ÿ‘ค Speaker
236 total appearances

Appearances Over Time

Podcast Appearances

Marketplace
Yet another stockpile scramble

So the interesting sort of political economy story underneath this is that the Florida citrus industry, because it's lost so much money has lost a lot of political power.

Marketplace
Yet another stockpile scramble

And the developers have gained a ton of political power as Florida has grown and become more of a real estate state.

Marketplace
Yet another stockpile scramble

And you sort of see that playing out in real time in the state.

Marketplace
Yet another stockpile scramble

I alluded to this as I was setting up this interview, but give us a scale, a sense of scale, would you, of the collapse?

Marketplace
Yet another stockpile scramble

Because it is, I mean, it's mind boggling.

Marketplace
Yet another stockpile scramble

Yeah, dramatic.

Marketplace
Yet another stockpile scramble

It's right.

Marketplace
Yet another stockpile scramble

So I think the best way to put this is in 2003, 2004, the Florida orange industry produced 242 million boxes of fruit.

Marketplace
Yet another stockpile scramble

Those are 90 pound boxes.

Marketplace
Yet another stockpile scramble

This year, they're on pace to produce fewer than 12 million boxes.

Marketplace
Yet another stockpile scramble

That's a collapse of more than 95 percent.

Marketplace
Yet another stockpile scramble

A hundred percent of the trees are now infected with citrus greening, which means they're either in the process of dying or dead.

Marketplace
Yet another stockpile scramble

And, you know, at every metric, it's like this.

Marketplace
Yet another stockpile scramble

There was a representative from Minute Maid who I spoke to, which is owned by Coca-Cola.

Marketplace
Yet another stockpile scramble

said that three, four years ago, 80% of their juice was from oranges from Florida.

Marketplace
Yet another stockpile scramble

This year, 80% of the juice is from oranges from Brazil.

Marketplace
Yet another stockpile scramble

Like three or four years this happened.

Marketplace
Yet another stockpile scramble

And so, you know, it's a total collapse.

Marketplace
Yet another stockpile scramble

I mean, it's hard to overstate how dramatic it is.

Marketplace
Yet another stockpile scramble

This is I mean, it's a lot of things, right, as we've talked about.