Heading Toward Recovery

Heading Toward Recovery

Heading Toward Recovery

THE GARDEN ISLAND

/ August 7, 2016 /

Recent numbers show Hawaii’s seed industry could be nearing the end of stabilization and heading into a period of recovery, as seed crop value shows its first increase since the 2011-12 season.

According to the United States Department of Agriculture National Agriculture Statistics Service, the seed industry’s value is estimated at $151 million for the 2015-16 season, a 7 percent increase from the 2014-15 $141 million estimate.

Paul Brewbaker, an economist who owns TZ Economics and has been doing market research for the Hawaii Crop Improvement Association, said while the 7 percent year-over-year increase is positive, it’s important to look at the whole picture.

“The trend is it (seed industry value) has gone up for the past 50 years more or less,” Brewbaker said. “So starting from zero dollars on Molokai in the winter of 1966 or 1967, it went to $250 million.”

Visit: http://thegardenisland.com/business/local/heading-toward-recovery/article_8ca885ed-5b1c-5c72-9d20-0d25a08245ca.html to read the full article.

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