• Home
  • /
  • American tree nut farmers hit with surplus amid international trade complications

American tree nut farmers hit with surplus amid international trade complications

America’s farmers reportedly have such an extreme abundance of nuts, due in part to international exports being complicated because of the coronavirus pandemic, that branches are nearly breaking under the weight of the crop.

SHOULD YOU STILL RETIRE IN 2020?

In a report from Bloomberg, the U.S. produces and exports the most tree nuts – such as walnuts, almonds and pecans – in the world, and half of the harvested nuts are exported.

Now as the crop yield hits a record 3 billion pounds and export prices reportedly down at least 20 percent, farmers are nervous.

Source : https://www.foxbusiness.com/lifestyle/american-nut-farmers-hit-with-surplus-coronavirus