With a strong market, nearly perfect growing season weather and record amount of acreage being devoted to the crop, California state agriculture officials predict that almond growers will likely produce 80 percent of the world’s supply this year.
The U.S. Department of Agriculture also predicts a record harvest, with estimates showing growers harvesting more than 1.3 billion pounds this year, a nearly 17 percent jump from the 1.12 billion pounds harvested last year.
The record harvest and high market value have led to record numbers of growers, leading some to fear a market saturation that will eventually drive prices down.
“Even though we’re producing more, we’re also shipping more. The market is there,” almond grower Scott Hunter told the Associated Press. “We once feared having a billion-pound crop, but now look at us.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now