date:May 23, 2016
U.S. dollar, water supply issues, increased global production, and slowdowns in growth in China and other emerging economies which have been key engines of growth for the industry over the last decade.
Lensing notes that lower profits for the nut industry could result in a shake-out of growers and as well as the pulling of older, less productive and less profitable orchards in California and elsewhere.
Grower profitability will suffer in the short term, said Lensing. However, we are cautiously