Posts Tagged ‘Recession’

Recession spurs millions of new gardeners

March 28, 2009

Jeff Ishee • Valley Vegetable Gardening • March 15, 2009 

The official arrival of spring is on March 20 and local gardeners are eager to get back out in the veggie patch.

I expect we will see throngs of new gardeners here in the Shenandoah Valley this spring, as well as across the nation. A recent survey conducted by the National Gardening Association confirms that vegetable gardening in the United States is on the rise.

 

Officials with the organization say they expect 7 million more kitchen gardens in 2009, up 19 percent from 2008. This anticipated increase is nearly double the 10 percent growth in vegetable gardening activity from 2007 to 2008 as more people seek to grow their own food.

 

This really doesn’t surprise me. It’s just a matter of more Americans recognizing the benefits of growing their own produce. They appreciate the improved quality, taste and, in times like these, the savings on their grocery bill. The movement is unquestionably having an impact on the gardening industry.

 

Officials with the National Gardening Association say consumers spent $2.5 billion in 2008 to purchase seeds, plants, fertilizer, tools and other gardening supplies to grow their own food. According to NGA estimates, even a modest, well-maintained vegetable garden yields a $500 average return per garden when considering a typical gardener’s investment and the retail price of produce.

 

The economy is one of the leading factors driving Americans into their backyards to grow fresh fruits and vegetables. “As in previous recessions, we’ve seen increased participation in and spending on food gardening as people look for ways to economize,” explains Bruce Butterfield, research director for the NGA. “That said, these results suggest the interest in food gardening may continue to increase, even after the economy improves.”

 

Highlights from the survey include:

 

# 43 million U.S. households plan to grow their own fruits, vegetables, herbs and berries in 2009

 

# 11 percent of households already active in food gardening plan to increase both the amount and variety of vegetables they will grow in 2009; 10 percent also said they will spend more time gardening this year.

 

Among the other reasons respondents gave as to why their households are growing their own food:

 

# 58 percent said for better-tasting food

 

# 54 percent said to save money on food bills

 

# 51 percent said for better quality food

 

# 48 percent said to grow food they know is safe

 

 

http://www.newsleader.com/article/20090315/LIFESTYLE/903150315/1024/LIFESTYLE

Advertisements

The Day the Dollar Falls (Roel van Broekhoven, Backlight 2005)

March 13, 2009

Fix-It Nation: In Tough Times, Tailors and Cobblers Thrive

March 6, 2009


Joe Lynch, owner of Glenn's Shoe Repair, replaces a band of rubber on a snowcat boot at his shop in Kalispell, Mont.

by Sean Gregory

http://www.time.com/time/business/article/0,8599,1880880,00.html

Where’s the trendiest place to shop these days? Try your closet. To wit: Kelly Thorsen, a school secretary from Lakeland, Fla., needed a nice pair of boots for the holiday season. A new pair would have cost some $200, and a splurge was not an option for the mother of two. “Last year, I might have gone out and started looking around,” says Thorsen, 46. “Now we are being a lot more careful with where our dollars are being spent. To go out and purchase a new pair of boots was not in my realm.”

So she literally dusted off a decade-old pair of ragged black leather boots sitting in her closet and visited a shoe-repair shop for the first time in her life. For a fashion-conscious woman, the thought of recycling clothing hurt her pride a bit. “I walked in with my tail between my legs,” she says. “It was something, initially, I was not proud of.” Then she saw the price: $16. And the work: the boots looked as good as new. “I walked out of there going, ‘O.K., all right,'” Thorsen says. She proudly wore her healed heels to all her holiday parties.

As consumers cut back on big-ticket purchases this year, many fix-it folks are busier than ever. Whyspend money on new shoes, suits or SUVs when it’s so much cheaper to repair the ones you already have? Around the country, cobblers, tailors, car mechanics and bike, vacuum, watch and television repairers are reporting strong revenues during the recession. Jim McFarland, a third-generation shoe repairman, who owns McFarland’s Shoe Repair in Lakeland, has fought many anxiety bouts in his 23 years running the shop. “I’ve spent nights pacing my floor at 2, 3 in the morning, wondering, How am I going to get through this?” says McFarland, who teethed on leather as a baby. “Now I sleep the whole night through,” he says. “I’ve never seen it like this — it’s wonderful.”

McFarland says his year-over-year revenues rose 28% in December and 35% in January. “I’d love to see a 50% jump in February,” he says. As the historian for the Shoe Service Institute of America, the cobbler trade group, McFarland tracks local media stories on shoe-repair performance and talks to hundreds of shop owners throughout the country. He says cobblers are reporting increases in the range of 25% to 40% during the fourth quarter of 2008 and early ’09

In the past, one of the biggest challenges tradespeople faced was a psychological barrier that kept consumers out of the repair shop: I will not stoop so low as to squeeze more life out of these musty shoes or this old dress. That feeling still exists. An Indianapolis publishing executive named Pat, who just took four suit jackets in for restoration, asked that her last name not be printed because “it’s nobody’s business that I’m recycling clothing.” But the economic realities eventually prevail. Pat was looking to extend her wardrobe when she chose between new and used. “Should I buy, or look in the closet and see what I can do with the clothes that are already there?” she says. She picked the closet and is pleased with the results.

The repair trade is delivering positive numbers even to the wrecked automobile industry. Since consumers can’t afford a new car right now, they are holding on to their old ones longer. During December, for example, the average trade-in time for cars was 6.3 years, compared with 5.7 years in 2007. These rides often need repairs to stay alive. “Overall, our members are saying they are seeing a revenue increase,” says Angie Wilson, vice president of marketing and communications for the Automotive Service Association, which represents 8,000 independent car-repair shops in the U.S. According to an association survey, 60% of auto-repair shops said they saw an increase in ’08 year-over-year sales. The average jump was 16%. (The survey was taken in August, before the financial meltdown. Auto-industry economists say repair growth slowed in the fourth quarter as customers deferred big-ticket maintenance jobs during the worst months of the downturn, and that pent-up demand will lift the numbers in ’09.)

Further, even though car dealerships are like ghost towns these days, on-site-service sales rose 2% during the past four months. Paul Taylor, chief economist of the National Automobile Dealers Association, is projecting growth “significantly above 3%” this year. “It’s welcome news,” Taylor says of the repair rise. “It’s important that when consumer expenditures are dead in the water, this sector of the economy is growing.”

While the recession has helped all types of repair professions, cobblers seem to be enjoying their luck more than others. Shoe repair is a dying industry. During the Great Depression, there were some 130,000 shops in the country. Now there are only 7,000. Graying, middle-aged repairers are the Young Turks; there’s a clear shortage of 20- and 30-something cobblers in today’s shops. “We have a chance to reintroduce our industry,” says Randy Lipson, who runs four shoe-repair shops in St. Louis, Mo. The shoes are falling off the shelves in Lipson’s shops; he now has to stuff the overflow work into bins. A year ago, those same shelves were half empty. “I’m getting more customers under 35 than I’ve ever seen,” says Lipson. “They’re spreading the word among people their age about the quality and savings shops like ours can offer, and it’s helping.”

McFarland, the Florida shoe repairman, thinks a two-year downturn would give the industry a “shot in the arm” that could last 10 to 15 years. But even McFarland is quick to temper his excitement. He too realizes that what’s good for the cobbler might be bad for the souls of his countrymen. “The more people we get,” he says, “the worse it is out there.”

Gerald Celente – The Greatest Depression 02-11-09

February 14, 2009

Trends Researcher Gerald Celente on Russia Today discussing the coming economic collapse and the probability of a revolution in the form of a tax revolt.



Nouriel Roubini and Nassim Nicholas Taleb

February 12, 2009

Dr Doom and The Black Swan on CNBC Feb. 9, 2009

Gold can protect Individuals and Countries.

October 17, 2008

In the inflationary depression which looks like it could be on the horizon,

financial analyst Max Kaiser suggests Gold is what can protect us.