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Article: Rader Farms Reports Exceptional Crop.
- Article from:
- PR Newswire
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHOENIX, Sept. 23 /PRNewswire-FirstCall/ -- The Inventure Group Inc. , a leading specialty snack food marketer and manufacturer, today announced an exceptional crop in its wholly owned subsidiary Rader Farms.
"Rader Farms, along with the rest of the industry, had a very strong crop of berries this year," said Terry McDaniel, Chief Executive Officer of The Inventure Group. "Accordingly, the abundance of industry supply has affected Rader's business in several ways. First, we anticipate lower revenue in the third quarter of this year as consumers switch to lower priced fresh berries. Secondly, short term pricing pressure will lower Rader revenue growth in the ...
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