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Bah humbug! Christmas tree prices are soaring as demand rises, but supply dwindles. In North America, a continent-wide tree shortage is taking root thanks to a declining number of Christmas tree farms.

The number of US farms fell sharply during the 2008 financial crisis and has continued to decline – so much so that 96% of the Christmas trees sold in the US come from Canada. But Canadian farms took a hit this summer from droughts, floods, and wildfires, and Canadian farmers also say fewer young people want to take over their tree businesses when they retire.