How summer drought, inflation could cause pumpkin prices to rise

The cost of the fall staple is up due to inflation and drought conditions just ahead of Halloween.
3:10 | 09/27/22

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Transcript for How summer drought, inflation could cause pumpkin prices to rise
>>> WE'RE BACK NOW WITH THE GREAT PUMPKIN PRICE HIKE. THE COST OF THE FALL STAPLE IS UP THANKS TO INFLATION AND DROUGHT CONDITIONS. JUST IN TIME FOR HALLOWEEN. I'M THINKING CHARLIE BROWN BUT WILL REEVE, IT'S NOT SO GREAT. THIS IS NOT GOOD NEWS FOR FOLKS WHO LOVE PUMPKINS. >> Reporter: YEAH, AMY, GOOD MORNING. THE NAME OF THIS WONDERFUL PLACE IS HAPPY DAY FARM. AS YOU TAKE A LOOK AT IT FROM OUR DRONE, THE FALL VIBES ARE IMMACULATE. BUT NOT SUCH HAPPY NEWS FOR FOLKS GETTING READY FOR FALL BECAUSE RIGHT NOW IT COSTS MORE TO MOVE STUFF, TO MAKE STUFF, TO BUY STUFF AND THOSE ARE SPOOKY MARKET FORCES THAT APPLY TO THE BIG BUSINESS OF PUMPKINS. >> THIS IS JUST A BUNCH OF HOCUS-POCUS. >> Reporter: MOVE OVER "HOCUS POCUS." THERE IS A NEW FALL BRIGHT. >> I AM CALM. >> Reporter: THE PRICE OF THIS YEAR'S PUMPKINS SQUASHING LAST YEAR'S AS THEY GET HIT BY INFLATION. >> WHERE ARE YOU? >> Reporter: IN 2021 THE PRICE OF A LARGE PUMPKIN SET HALLOWEEN LOVERS BACK AROUND 5 BUCKS. THIS YEAR THE COST OF THAT JACK-O'-LANTERN JACKED UP TO 5 5.6. IT COMES AS FARM OWNERS FACE RISING COSTS ALL ACROSS THE COUNTRY FROM TEXAS TO MARYLAND. >> THE PRICE OF FUEL HAS AFFECTED EVERYTHING. THE FERTILIZER FOR HIS PUMPKINS HAS BEEN, YOU KNOW, UNBELIEVABLE. IT SEEMS THAT EVERYTHING HAS GONE UP AND, OF COURSE, PARENTS SEE THAT IN THE GROCERY STORE SO IT'S AFFECTED US AS WELL. >> Reporter: IT'S NOT JUST INFLATION CAUSING A SCARE. DROUGHT CONDITIONS ALSO SPOOKING SOME CROPS. >> WE DIDN'T HAVE MUCH RAIN AT ALL IN AUGUST SO IT WAS HOT WEATHER AND GETS ABOVE 90 DEGREES WE DIDN'T GET THE POLLINATION WE SHOULD HAVE GOT SO LOOKING AT HALF A CROP OF PUMPKINS. >> Reporter: A SUMMER OF DRY WEATHER FORCING FARMERS LIKE GAI GAILEN ADKINS TO GET CREATIVE. >> I'LL PROBABLY GET SOME OUT OF UPPER DELAWARE AND PENNSYLVANIA. I KNOW I PROBABLY WILL NOT HAVE ENOUGH. >> Reporter: AT HAPPY DAY FARM IN NEW JERSEY, OWNER TIM SAYS FAMILIES WILL STILL BE ABLE TO GET THOSE GORGEOUS CROPS, THEY MIGHT LOOK A LITTLE DIFFERENT. >> THEY'RE SMALLER DUE TO THE LACK OF RAIN BUT THEY'RE HEALTHY AND WE DO HAVE AN ABUNDANT AMOUNT TO PICK FROM. >> Reporter: WITH AMERICANS SET TO SPEND $10.6 BILLION CELEBRATING THE HOLIDAY THIS YEAR AND NEARLY 3.5 BILLION ON DECORATIONS THERE ARE WAYS TO CUT DOWN ON COSTS WITHOUT COMPROMISING ON YOUR FAVORITE FALL STAPLE. >> CONSUMERS MIGHT WANT TO CONSIDER PURCHASING FROM LOCAL FARMS BECAUSE TRANSPORTATION COST ALSO HAVE LESS OF AN IMPACT ON THE ACTUAL PUMPKIN PRICES. >> Reporter: NO MATTER WHERE YOU LIVE IN THE UNITED STATES, YOU CAN GET A LOCAL PUMPKIN. THEY'RE GROWN EVERYWHERE BUT THERE ARE SIX STATES THAT ACCOUNT FOR NEARLY HALF OF ALL PUMPKIN PRODUCTION. ILLINOIS LEADS THE WAY. THERE'S A FUN FACT FOR YOU. ANOTHER ONE, TENS OF THOUSANDS OF PUMPKINS AROUND ME AT HAPPY DAY FARM ON ABOUT 60 ACRES, THEY DO FALL TOURS. IT'S FANTASTIC. I'M GOING TO GET A PUMPKIN AND IT MIGHT BE A LITTLE PRICIER THAN I'D LIKE BUT THAT'S JUST THE WAY IT GOES, I GUESS.

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