Michigan Hop Industry Shrinks to 100 Acres as Oversupply and Rising Costs Force Farm Closures
Updated
Updated · Grand Rapids Business Journal · Jun 17
Michigan Hop Industry Shrinks to 100 Acres as Oversupply and Rising Costs Force Farm Closures
1 articles · Updated · Grand Rapids Business Journal · Jun 17
Summary
Michigan’s hop acreage has fallen sharply to 100 acres after another farm folded, underscoring how much the state’s once-expanding industry has contracted.
Oversupply and rising operating costs drove the decline, squeezing growers and accelerating closures across the sector.
The latest pullback signals the market may be nearing a bottom, though the industry remains under pressure as growers absorb excess supply and higher expenses.