2020 State of the Industry Report: sales and profits

2020 State of the Industry Report: sales and profits

See what your peers had to say about sales and profits in 2020.

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September 30, 2020

 

Editor's note: Each September, we present the findings of our exclusive State of the Industry research that we conducted in August. Find out how growers fared this year in our September print issue, or go to our State of the Industry section of our website.

First, let's take a look at sales and profits. Sales gains in 2020 vs. 2019 were greater than sales losses with 62% enjoying gains and about 11% reporting no change from year over year. Exactly half expect profits to increase in 2021 and 43% anticipate profits remaining the same next year.