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WWL: Who sets the prices for crawfish in Louisiana? It’s a true mystery
Posted on 3/14/24 at 10:05 am
Posted on 3/14/24 at 10:05 am
quote:
On a sunny morning at David Savoy’s crawfish farm near Church Point, Louisiana, the work harvesting crawfish was basically done by 9:30 a.m. Savoy took me into the cooling facility where they store the live crawfish caught from the network of ponds and fields at his 1,600-acre farm. There was more space than sacks of live crawfish.
“So, on these carts there’s only about 15 sacks. We’d normally have about 30 to 40 sacks on these carts and the carts would be all the way around cooler,” Savoy told me.
But it’s not a normal year for crawfish farmers. There were only a few carts in Savoy’s cooler. Extreme heat and drought conditions in 2023 are being blamed for the diminished supply of crawfish and the unusually high price of the crawfish making it to market. Louisiana is the top producer of crawfish in the U.S. Louisiana Governor Jeff Landry issued a disaster declaration for the industry last week. Losses for the crawfish industry this year have been estimated to be around $140 million.
Crawfish is engrained Louisiana’s culture and a shortage of it is being felt far beyond the crawfish farms in the state. Like any commodity, its impact on customers and pricing often gets the most attention.
Laney King is the co-founder of The Crawfish App. The free mobile app allows users to find crawfish and prices for live or boiled crawfish in their city/community. The Crawfish App launched in 2017. King told me the scarcity of crawfish this season has, at times, caused prices to go beyond $12 and $13 per pound. She says one business was selling crawfish at a price of more than $16/pound earlier this season. But prices have come down a bit. When I spoke with King last week, she said the average price was around $7.99/pound for boiled crawfish. That’s still high, but compared to double digit dollar amounts, the recent prices seem almost tolerable.
“They’re about as reasonable as they’re going to get. If you want some crawfish, this is what you’re going to pay. Hopefully, they’ll go down a little bit more before Easter. Easter is kind of like the Super Bowl Sunday of crawfish season that’s typically when they’re a good size, they’re a great price. It’s the biggest sales day of the entire season for everyone involved but you’re going have to shell out some money this Easter if you want to feed your family with crawfish,” said King.
Ultimately, the price dominates every aspect of the crawfish industry. From the production to consumption of it, how much people are willing to sell or buy crawfish is at the center of every transaction. But who sets these prices that often fluctuate weekly? David Savoy said if you think it’s the crawfish farmers who are setting the price, you’d be mistaken.
“I’ve asked every politician and every marketing person, if the price of gas in the entire state of Louisiana changed tomorrow morning by the same amount, would you find that strange? Would you find that legal? How can it happen in this tiny industry? They dropped the price at the beginning of the week everywhere. I didn’t do that. There’s not a farmer around that did that,” Savoy told me.
Who sets crawfish prices, and how that goes down, seems to be a true mystery…even to those in the industry. It’s one of the many aspects of the crawfish business I learned about when I visited Savoy’s crawfish farm.
LINK
This was such an informative article on this highly debated subject, that I thought I should share so all you baws and bawettes can be educated as well.
Posted on 3/14/24 at 10:06 am to ragincajun03
Same woke baw that sets inflation
Posted on 3/14/24 at 10:09 am to ragincajun03
I bet if everyone didn't buy them for one full week and weekend, the prices would drop drastically.
Posted on 3/14/24 at 10:28 am to ragincajun03
Who selects the on-air talent for WWL? That is the real mystery.
Posted on 3/14/24 at 10:33 am to ragincajun03
quote:
Who sets the prices for crawfish in Louisiana?
The public/market. That's who sets it ultimately. Because if prices were truly "too high" then people wouldn't buy them and the price would have to come down.
Do people really not understand simple supply and demand principles?
This post was edited on 3/14/24 at 10:33 am
Posted on 3/14/24 at 10:34 am to CocomoLSU
quote:
Do people really not understand simple supply and demand principles?
Lots of OT baws have trouble understanding this for some reason.
Posted on 3/14/24 at 10:36 am to ragincajun03
Raised In Louisiana
@SwampCajun63
·
17h
Crawfish picking up, price dropping, $3.00 lb to the fisherman now!
Posted on 3/14/24 at 10:37 am to MorbidTheClown
Every single year same shite. Prices are up, blame ______
Posted on 3/14/24 at 10:38 am to ragincajun03
It's not the farmers from my understanding. Knew a guy who farmed a few ponds. He had to sell them for like $1\lb and then they would be resold for ~$3\lb at market
Posted on 3/14/24 at 10:45 am to ragincajun03
With my limited experience in the business, it's the wholesalers who set the price.
They show up with refrigerated trucks to take the crawfish and the price they offer is what you get. You could turn it down, but getting another buyer out and the quick expiration of the product hamstrings the farmers in a position of take it or leave it. Sure there was a little poor mouthing, but there was never any "good faith" negotiation that I saw between the wholesaler and the farmer.
They show up with refrigerated trucks to take the crawfish and the price they offer is what you get. You could turn it down, but getting another buyer out and the quick expiration of the product hamstrings the farmers in a position of take it or leave it. Sure there was a little poor mouthing, but there was never any "good faith" negotiation that I saw between the wholesaler and the farmer.
Posted on 3/14/24 at 10:46 am to ragincajun03
WWL send one reporter to talk to one crawfish farmer and ask him if he sets prices...farmer says no...WWL reporter concludes a true mystery. This is the hard hitting deep diving investigating reporting we need.
Posted on 3/14/24 at 10:57 am to ragincajun03
Ricky Phillips in pigeon or Troy Landry in Pierre part set the price
Posted on 3/14/24 at 10:57 am to ragincajun03
quote:
d the average price was around $7.99/pound for boiled crawfish. That’s still high, but compared to double digit dollar amounts, the recent prices seem almost tolerable.
Welcome to the flaw in human nature. We get accustomed to something so incredibly extreme that when it drops down to what normally would be considered extreme we instead look at it as finally a good price. It happens all the time; we are predictable, and it is how businesses take advantage of our weaknesses to instill higher costs onto us that we gladly accept.
frick that noise. People need to pay more attention. $4/lb is overpriced nonsense, so don't fall for the $8/lb is a fair deal scam.
Posted on 3/14/24 at 10:57 am to ragincajun03
Oh this thread is gonna ruffle some simple feathers here for sure
Posted on 3/14/24 at 10:58 am to btnetigers
quote:
I bet if everyone didn't buy them for one full week and weekend, the prices would drop drastically.
The price has dropped $5/# in a month
is that not drastic?
Posted on 3/14/24 at 10:59 am to Triggerr
quote:
Ricky Phillips in pigeon
He's retired and has nothing to do with the price of crawfish
Posted on 3/14/24 at 11:10 am to sidewalkside
quote:
WWL send one reporter to talk to one crawfish farmer and ask him if he sets prices...farmer says no...WWL reporter concludes a true mystery. This is the hard hitting deep diving investigating reporting we need.
Exactly. I was an idiot and clicked on the article, thinking I might learned something. All I did learn was that reading it was a waste of my time.
So then I figured I’d spread the wasted time love on here.
Posted on 3/14/24 at 11:58 am to CocomoLSU
quote:
Do people really not understand simple supply and demand principles?
It’s really that simple but some people love a conspiracy
ETA: farmer’s complain about the price more than the public
This post was edited on 3/14/24 at 11:59 am
Posted on 3/14/24 at 12:30 pm to btnetigers
quote:I like crawfish, but not enough to pay the current prices. It's amazing to me so many are willing.
I bet if everyone didn't buy them for one full week and weekend, the prices would drop drastically.
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