Will Farmer's Markets Benefit from the Food Tariffs? ---PART 2---
In my last installment, I opined that farmer's markets are a unique outlet in the food supply chain, in part because we see so many elementary economic lessons at play. With the new tariffs on imported foods coming on the scene (except for when they're not, but usually are on again, but sometimes off again, though there are exceptions, except when there aren't, etc.) grocery prices have started to rise. A student in my supply chain management class gave a presentation last week about his uncle's BBQ restaurant and said they've quit offering certain types of fish on their menu: their suppliers stopped carrying it so as not to have to suffer the tariff, while the alternative for the uncle was to pay >2x the price at Sam's Club or Costco for the same fish. If consumers (and restauranteurs alike) are about to face higher food prices no matter where they shop, does this mean that people now have an additional incentive to just go to farmer's markets? Potent...