Jacob Kremple

So there were two freezes that happened in Florida this winter.

That took 80% of the crop in Florida out completely.

Blooms fell off.

Vines died.

It was not a great situation, right?

Over $150 million worth of tomatoes lost.

Again, produce demand is rather inelastic.

So you took...

A market that needed 100 tomatoes, and you took 26 out of the equation, and you're left with the 74 tomatoes that are left for 100, right?

And anytime that happens, that's where you see these spikes.

So it's less about the input costs themselves.

Got it.

At this point, I would say a majority of it was weather-related.

Now, the other thing is they're always going to grow a little bit more than what we need for the market, or their best guess.

But it's a very segmented industry, so nobody knows exactly how much acreage everybody's putting in.

The USDA does some projections.

But in general, we did see Mexico decline their production a little bit this year, probably 3% to 4%.

It doesn't sound like a lot, but when they're supplying 70% of the U.S.

market in the winter, that was actually quite a bit.

While that was because of the anti-dumping tariff that was put in place of 17% and change, it was implemented...