Pistachios
California is seeing its highest accumulation of chill in the last 7 years, with almonds surpassing their needs, and other trees nuts still working their way through the winter.
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The $88 million acquisition includes 1,776 planted acres and a 10-year, triple-net lease agreement with the seller.
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Edete Precision Technologies for Agriculture is preparing to offer artificial pollination services to pistachio growers in California in April 2022 after successful trials boosted yields 24%.
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The Virginia-based company acquired over 1,200 acres of tree nuts and over 19,500 acre-feet of stored water in California. This three-part acquisition totals over $84 million.
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Technically an "off" year for the alternate bearing crop, California orchards are looking to hit the mark near 1 billion pounds, just under last year's record.
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Ranked by revenues paid to growers, almonds come in second and pistachios seventh, with figures suggesting growers in Kern have matched their efforts with market demand.
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Almonds, pistachios and walnuts rank among the top 10 valued commodities for the state's crop year at over $9.4 billion combined.
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Almond Board of California and the California Invasive Plant Council received the funding to help build online tools to coordinate small farm mating disruption efforts and invasive weed control in wildlands, respectively.
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