Michigan Hop Industry Shrinks to 100 Acres as Oversupply and Costs Force Farm Closures
Updated
Updated · Grand Rapids Business Journal · Jun 11
Michigan Hop Industry Shrinks to 100 Acres as Oversupply and Costs Force Farm Closures
1 articles · Updated · Grand Rapids Business Journal · Jun 11
Summary
Michigan’s hop acreage has fallen sharply to about 100 acres after another farm closure, marking a steep contraction in the state’s industry.
Oversupply and rising operating costs drove the latest shutdown and have strained growers across the market, pushing the sector toward what may be a bottom.
The decline underscores how smaller regional hop producers are struggling to stay viable as weak pricing and higher expenses squeeze already-thin margins.