Western Farm Press Highlights New Cost and Return Study for Walnuts in Sacramento Valley
Feb. 20, 2019
In the article "Economists says still plenty of room for growth in walnut industry," the Western Farm Press reports that nut production in the western states is remaining popular among investors and entrepreneurs. The article often quotes Dr. Daniel Sumner, UC Davis Department of Agricultural and Resource Economics (ARE) Frank H. Buck, Jr., distinguished professor, and director of the UC Agricultural Issues Center (AIC).
"California is now up to a little more than 1.5 million acres of almonds, walnuts, and pistachios, and though it has been a rather tough year, with trade complications like tariffs, there remains a great deal of interest in new tree nut operations," Dr. Sumner is quoted as saying. "For the last 10 years or so, those involved in the state's tree nut industry would say there isn't any more suitable land to increase nut operations, but just like a lot of cotton acres are now planted in nut orchards, the state's dairy industry is struggling and we're seeing some of those acres converted to tree nuts. We're also seeing land that was considered unsuited to tree nuts now being planted with orchards."
In response to the popularity of nut operation startups, the article points out that the AIC recently published the cost and return study: 2018 Sample Costs to Establish and Produce English Walnuts In the Sacramento Valley, Micro Sprinkler Irrigated.
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