The Wall Street Journal has an article about the declining price of hops.
This summary was lifted from Monday Night Brewery
“for years, a world-wide glut of hops resulted in prices that were too low for U.S. growers to turn a profit.” So now everybody and their mother is gunning to start a hop farm. Prices for hops have gone up 4-6 times in the past few years, and last year’s price increases resulted in a total value of $169 million, up from $118 million the year before. Sounds good, right? So why not go be a hop farmer? The general consensus is that hop prices will come down substantially over the coming 12-36 months, just about the amount of time it would take to get a legit hop farm up and running.
A related post on the Malt and Hops Shortage from The Brewery Network.
-Leigh
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