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Why Are Honeycrisp Apples So Damn Slow Summary

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The article I read was called, “Why Are Honeycrisp Apples So Damn Expensive?” by Elizabeth Gunnison Dunn. In this article, Ms. Dunn starts out by talking about how she comes from a long line of apple growers, but being shocked at the price of the Honeycrisp apple. She goes on to talk about how it came into existence and why people love this particular apple so much. Even describing the apple as having a “…sweet taste and distinct juiciness and snap” (Dunn, 2013) Ms. Dunn, also talks about how even the creator of the apple is shocked by the price. She also describes how it is not the retailers getting the money, but the farmers receiving the money for the sale of the apples. She concludes the article, by talking about a new apple on the horizon …show more content…

Bedford, discusses how this apple is “…essentially a straight-up supply and demand story” (Dunn, 2013). While this is true, I also believe the other economic idea that goes with this would be monopolistic competition because while there are many different kinds of apples on the market, there are only some growers who can successfully grow Honeycrisp apples due to their surrounding environment and delicate nature. According to the article, Problems with Growing Honeycrisp Apples by Patricia Telesco “ ‘Honeycrisp’ apples are picky about their environment, making growing them a little more problematic that other apple trees” (2016). Additionally, this is also an example of how producers cannot bring a product to economies of scale. People will attempt to grow the trees because the market for them is so high and many will enter the market to cash in on the price. However, because it takes so long for the apple trees to grow and produce fruit the industry will remain high for a few more years to come. As the article says, “From the time an apple tree is planted, it takes at least five to six years for it to produce fruit in commercial quantities. As demand has peaked in recent years, supply has lagged behind, sending prices up” (Dunn,

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