Inflation, Supply Shortages Drive up Christmas Tree Prices

The Washington Times cites Senior Fellow Ryan Young on Christmas tree sales:

Ryan Young, a senior fellow at the libertarian Competitive Enterprise Institute, said the federal government’s Christmas Tree Promotion Board could be preventing the industry from adjusting to the higher demand due to the regulations and assessment tax it levies on growers.

“Growers who make more than 500 [Christmas] trees annually are subject to detailed recordkeeping and reporting requirements. This gives growers an incentive to stay small, which keeps prices up and supplies scarce,” Mr. Young said.

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