Articles Tagged with ''almonds''

A nationwide cap and trade program hasn’t been on the legislative horizon since the idea died in Congress in 2010, but government and private market developers are counting on there being a robust demand for carbon offsets from a host of corporations, including energy companies, airlines and even major food companies, that need to offset their emissions.

“Exceptional growing conditions” for almonds will allow the 2020/21 crop to reach 3 billion pounds this year, which will drop prices to historical lows, according to a new report from RaboResearch Food & Agribusiness.

Rapidly rising almond production coupled with trade wars and COVID-19 impacts have cut prices for farmers nearly in half over the past year and they won’t likely fully recover for at least a couple of seasons, says Roland Fumasi, a senior analyst for Rabobank.

One of the nation’s top snack companies plans to exclusively source its almonds from “bee-friendly farmland” across the globe by 2025.

The latest snapshot of California agriculture reveals that the 69,400 farms and ranches across the Golden State generated almost $50 billion in cash receipts from over 400 commodities.

The “phase one” trade deal with China is paying off substantially for commodities like soybeans, corn, wheat and sorghum, but it’s hit or miss for specialty crop farmers, many of whom are still trying to find replacement markets.

USDA’s National Agricultural Statistics Service 2020 California Almond Subjective Forecast estimates California almond orchards will produce 3.0 billion pounds of nuts this year, up 17.6% from last year’s 2.55 billion-pound crop.