October 24, 2022
In the third quarter of 2022, we began to experience the impact of historically high inflation. To offset the effect, we continue to raise prices. The organization is in a strong financial position. We remain watchful of the overall health of the consumer as interest rates have risen and inflation is at a 40-year high. In 2021, success in retail sales helped to offset low crop sales but in 2022, the reverse has taken place.