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The Economics of Everyday Things

117. Cut Flowers

The Economics of Everyday Things

Freakonomics Network

Business

4.81.6K Ratings

🗓️ 8 December 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

Grab a simple bouquet from your local grocery store and you're activating a global network of farms, shipping companies, wholesalers, distributors, and retailers. Zachary Crockett stops to smell the roses.

Transcript

Click on a timestamp to play from that location

0:00.0

Valentine's Day, Mother's Day, a wedding, or just because.

0:10.0

Americans buy flowers throughout the year, in big quantities.

0:14.0

If you walk into a grocery store, you're likely to find the best sellers, wrapped in plastic and sold in bundles and bouquets, roses, tulips,

0:23.7

lilies. But there's another flower that's been in high demand, a particularly showy one with

0:29.8

large frilly petals. Everyone loves peonies. That's Bob Milano. He's a flower wholesaler. He used to only be able to get peonies in the springtime

0:40.2

for, you know, two, three, four weeks, and that was about it. And someone's calling in August and saying,

0:45.6

I want peonies for my wedding or I want peonies for my client. That's Jasmine Gomez-Gonzalez,

0:51.9

another flower wholesaler.

0:56.9

And some things just aren't grown normally in August.

1:01.6

If it was Amazon, I'm sure I can order it and have it ready, but we're working with the weather here, right?

1:05.5

But when there's demand, supply finds a way.

1:12.2

Advances in refrigeration and logistics have turned the cut flour industry from a direct farm to consumer business into an international web of farms, shipping companies, wholesalers, distributors, and retailers.

1:20.4

You can get your peonies year-round now for the most part, and it's by bouncing around the

1:25.3

entire world. Right now, we're getting them in Chile.

1:28.0

When the Chile season ends, we're going to get them in Israel.

1:30.5

When Israel season ends, we'll get them domestically in Arkansas and in North Carolina.

1:35.5

When it ends there, we come into Oregon, Washington.

1:38.8

After Oregon, Washington, we go up to Alaska.

1:41.4

At the same time, we'll also hit the Midwest.

1:43.9

So we go all over the place, but then the prices will fluctuate based upon where they're being produced.

1:52.4

In 2024, Americans bought over $7 billion worth of cut flowers.

1:58.5

Most of those were imported from international farms. We buy more cut flowers

...

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