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Jacob Kremple

πŸ‘€ Speaker
462 total appearances

Appearances Over Time

Podcast Appearances

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And it's this cool story that if a customer asks that hopefully you've talked to your wait staff and they can educate the consumer a little bit about the story of a girl and Doug.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And so I think it's less about what the consumer thinks they want or that they've heard about this type of thing.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

I think it's more, they've seen it somewhere.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

and tried it.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And then a lot of these bigger tomato companies, Sunset, Master Nardi Produce is a big partner of ours.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

They're one of the most innovative when it comes to seed varieties.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

They have acres of testing greenhouses where they're consistently testing new varieties to see what will be a good mix of flavor and yield and something that's unique or colored differently that they think would be a hit with consumers.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And then they're launching it.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And just like anything, it comes down to marketing and advertising and getting it in the customer's hand to be able to drive that demand.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

Yeah.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

I mean, it all plays a factor, right, Joe?

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And I think with these greenhouses, energy is a huge component, but I would say still just as much, it's the fertilizer and it's the labor and the production costs as well.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

So in general, if you think of tomato markets now that were so high, the growers were not the ones making and killing.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

If you think about, they lost 80% of their crop.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

They're selling a tomato for a hundred bucks a case.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

This is a razor

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

thin margin business for our farmers, where you're gonna have great years and you're gonna have bad years.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And a lot of it comes down to your input costs and then what's the USDA going rate for tomato based on supply and demand.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And so right now is a tough time for these guys because these input cost pressures are so high.

Odd Lots
Why Tomatoes Are the Most Expensive They've Been in Four Decades

And there's a lot of pressure from our side to try to keep costs down as much as possible.