date:Jun 06, 2016
Rabobanks senior fresh produce analyst, Vernon Crowder.
Two aspects of the report were less than optimistic for local growers.
First, it says almond prices probably wont rise above $2.33 per pound, their average during the last decade, for another two to three years. But once prices reach that point, the report predicts, they wont drop below it for at least 10 years.
Perhaps more importantly to Kerns farming industry, Rabobank predicts more and more almond orchards in the southern Central Val