New Tools Help Cut Flower Growers Make Smart Financial Decisions
The University of Tennessee Extension has released its Cut Flower Summer Annual Enterprise Budgets to assist growers.
Natalie Bumgarner and Rachel Painter from the University of Tennessee Institute of Agriculture note that cut flowers are a rapidly expanding crop in Tennessee.
This growth is driven by consumer interest in locally grown products and farms diversifying to manage risk and utilize limited acreage.
- Population growth and increasing demand for local cut flowers have created opportunities for new and existing farms.
- The USDA National Agricultural Statistics Service census data estimates a 70% increase in cut flower operations from 2012 to 2017.
- In 2017, nearly 80 farms reported sales of cut flowers and florist greens exceeding $400,000.
Author's summary: New tools support cut flower growers' financial decisions.
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