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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

Okay.

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

To try to catch some of these upswings and actually make some profit, right?

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

Like a lot of these growers that we deal with, this is a razor thin margin business, just like ours is as well.

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

And in groceries as well, right?

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

Like your food cost is such a huge part of

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

the cost for whether it's a grower, a retailer, a food service distribution company, you're playing in margins of single digits, right?

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

What happened specifically this time was if you look at winter growing of tomatoes, you can't grow a tomato in New Jersey in the winter.

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

You can't grow it in Illinois in the winter, right?

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

You're gonna be growing tomatoes in Florida.

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

Right, but your traditional field tomatoes are gonna be grown in Florida and in Mexico.

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

And you think of, OK, for December until the spring starts, right?

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

So call around this time when some of the more local programs are going further south.

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

If you needed 100 tomatoes for the US market, 30 of them are going to come from Florida.

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

70 of them are going to come from Mexico.

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

So about 70% of our tomato production in the winter is done in Mexico now.

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

30% in the U.S.

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

You go back pre-NAFTA or right around when NAFTA started, that was completely reversed.

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

It was about 80% domestic, 20% Mexico, which we can also dive into, which is a fascinating story, the globalization of produce.

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

And we talk about flavor and quality.

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

It's a very interesting story as well.