• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Vendors dealing with rising costs, shrinking profit margins

News 4 Jax checked several major grocery stores and couldn’t find a single mango still selling at last year’s price.

The price squeeze is being felt across the board, especially for popular Mexican imports like tomatoes, avocados, and peppers. Tomatoes face a 17.09% tariff — to take effect July 14.

“Everything that comes from Mexico,” Saldana said, “I have to increase the price for the customer.”

The administration says the tariffs will stay in place until illegal crossings and drug trafficking from Mexico are “fully stopped.”

For vendors like Saldana that means navigating rising costs and shrinking profit margins. It’s a squeeze that small and mid-sized businesses, already operating on thin margins, aren’t built to absorb.

There’s a glimmer of hope on the local level.

Mitch James, Assistant General Manager at Jacksonville’s Farmers Market, says local farms are helping shield consumers from the full brunt of inflation.

“We’ve got about five or six (growers) that come from west of Jacksonville, predominantly going out towards Live Oak, that bring in cabbage, greens, broccoli, peppers — all the above,” James said.

“That’s the good thing that keeps the fuel cost down, which keeps the wholesale and retail price down.”

That’s welcome news for families stretching every dollar to put food on the table. But with the growing season ahead and tariffs showing no signs of easing, one thing is clear: Your produce may keep getting pricier before things get better.

Dave Ramsey’s plan has people crushing debt fast

Drowning in debt? Dave Ramsey’s viral 7-step method is helping people wipe it out and finally build real savings. No gimmicks—just a clear plan that works. Moneywise breaks it down so you can get started in minutes. If you’re serious about getting ahead, don’t miss this.

See the steps

Raise prices or take the hit?

Vendors operating on razor-thin margins are now faced with a tough choice.

Do they hike prices and risk driving away budget-conscious customers? Or absorb the costs and watch their profits disappear?

For small business owners like Luis Saldana, that’s a lose-lose scenario. Analysts warn the tariffs could fuel inflation and limit variety in stores, making fresh produce even less accessible. And it's not just the produce aisles feeling the pressure.

Smaller vendors, especially in Florida, could be pushed to the brink.

Sponsored

Under 60? Lock in life insurance in minutes

Get term life insurance fast—with no agents, no exams, and no stress. Ethos lets you apply online in minutes and get covered for as low as $15/month. It’s affordable peace of mind, without the hassle Get your free quote now

Jessica Wong Freelance Contributor

Jessica Wong is a freelance writer with a background in economic development and business consulting, she enjoys writing about topics that help people learn more about personal finance.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.