Christmas tree prices remain high for the third straight year, with today’s shopper paying about twice what was charged in 2014.
While prices vary by location, the average is currently around $76 nationwide. Fewer trees were planted during the recession of 2008, and since it takes about a decade for the trees to mature, the shortfall is being felt now.
To further exacerbate the problem, the strong economy of the last few years has meant that demand for real trees increased by 20% last year, with high demand expected this year as well. Savvy shoppers may note that the highest prices for trees tend to appear on Cyber Monday, and prices sometimes drop as Christmas draws nearer.
Video Spotlight: Yule Pay More: Shortage Drives Up Christmas Tree Prices
This post is based on the Yahoo! Finance article, Why Christmas trees are getting more expensive, by Ethan Wolfe-Mann, December 3, 2019, and the YouTube video, Yule Pay More: Shortage Drives Up Christmas Tree Prices, by KPIX CBS SF Bay Area, November 29, 2019. Image source: Don Mason/Blend Images
1. What makes forecasting demand for trees difficult for Christmas tree farmers?
Guidance: Since it takes Continue reading