Interesting… A Double-Edge Sword as Almond Farmers Juggle Drought and Plunging Prices
A majority of the world’s almonds supplies come from California, a state that happens to be experiencing a historic drought. As shrinking water supplies threaten to push already razor-thin margins into negative territory, growers are increasingly questioning the economic sanity of sinking more money into the water-thirsty crop. Almond prices have plummeted to around $1.75 …
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