As the fourth Thursday in November approaches, some shoppers may wonder how food price inflation will affect the cost of their favorite dishes, including pumpkin pie. In fact, for many Americans, it might be hard to imagine a Thanksgiving feast without it.
Over the past 15 years, U.S. production of pumpkins for all uses (jack-o-lanterns, fresh and processed food, seed, and other) rose 31 percent, from 1.46 billion pounds in 2000 to 1.91 billion pounds in 2014.
According to the USDA Economic Research Service, profitability is strongly associated with farm size. Larger farms can often use their resources more productively than smaller farms, generating more dollar per unit of capital.
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