Economist Explains How Seed Industry is State's Leading Agricultural Money Maker

Economist Explains How Seed Industry is State's Leading Agricultural Money Maker

Economist Explains How Seed Industry is State’s Leading Agricultural Money Maker

HAWAII NEWS NOW

/ September 13, 2016 /

With the decline of pineapple and sugar production in Hawaii, the local seed industry is now the state’s leading agricultural activity and agricultural export.

The seed industry has been in the public spotlight recently with the debate

A new economic report, entitled “Fifty Years of Corn Seed in the Fiftieth State” was commissioned by the Hawaii Crop Improvement Association (HCIA) to summarize the state of the seed industry in Hawaii based on historical analysis.

The economic report was compiled Dr. Paul Brewbaker, who you may know as the former Bank of Hawaii economist, and now with TZ Economics.

The Hawaii seed industry reached its zenith in terms of economic impact between 2010 and 2012, when its value topped $240 million. Since then, the decline in global commodity prices in general has pushed that figure down to about $150 million for the crop year ending in 2016. Central to that decline was the fall of corn prices from $7 a bushel to $3.50 a bushel from 2012 to the present.

Hawaii News Now - KGMB and KHNL

Visit: http://www.hawaiinewsnow.com/story/33086329/economist-explains-how-seed-industry-is-states-leading-agricultural-money-maker?sf35836870=1 to watch the full broadcast.

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