Twenty-five years after University of Alaska Fairbanks horticulture researcher Pat Holloway’s initial discovery that Alaska held a niche in the peony market due to its unique bloom time and access to markets, the peony farming scene has ebbed and flowed.
From the first research plots being planted around 2001, to the boom between roughly 2014 and 2016, to post-COVID and high inflation rates that have left no business untouched, many farmers have come and gone. Those on the scene today are business savvy, hard-working, energetic, and have the health and lifestyles that allow them to focus on peonies full-tilt for at least six weeks during the height of the summer.
The peony farming gold rush in Alaska started because the flowers garnered a high price per stem due when they bloom. That is, they bloomed in Alaska in July and August during prime wedding season. At that time, peonies are not blooming elsewhere or at least nowhere with ready access to air transport and other infrastructure needed to export them.
The number of peonies planted in Alaska increased exponentially from 20 roots in 2004 to over 120,000 roots in 2012. In 2013, 150 peony farmers (or interested farmers) attended the Alaska Peony Growers Association (APGA) meeting which was close to the peak of interest. There was an effort to reach a global market (including Europe and Asia) through cooperatively marketed peonies.
