Potato growers on P.E.I. aren't the only ones who faced challenges with their crops this year, creating a shortage in supply across the country and as far away as Belgium, says Ray Keenan, an owner of Rollo Bay Holdings: "I don't know of any place that has any excess of potatoes this year. It's a world-wide shortage."
And like any commodity, when supply goes down, prices usually go up. "I think the potato prices will certainly be higher this year," he said. "We see it with other commodities. Sometimes if there's a freeze in the south, the price of lettuce goes up."
Cbc.ca reports how it has been a difficult year for potato growers on P.E.I. First there was a cold spring which delayed the planting. That was followed by a hot, dry summer which affected yields. Then the cold, wet fall meant not all the the potatoes could be harvested. Almost 3,000 hectares of potatoes are still in the ground on P.E.I., Keenan said. He estimates his harvesting costs were up about 30%.