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Almond Boom Has Fizzled

03/10/2024

The price of almonds has halved in ten years to $2 per pound.  This has impacted individual farmers and cooperatives that took on debt to establish orchards.

A major California consortium of growers, Trinitas Farming has filed for Chapter 11 bankruptcy based on illiquidity.

 

A number of egg producers established almond orchards on their properties to add to revenue. This is now is in question.