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American tree nut farmers hit with surplus amid international trade complications – Fox Business

That’s nuts.

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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.

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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.

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. (iStock)

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“We’re nervous, especially for next year, with where prices are,” said BIll Carriere, farmer and owner of the Carriere Family Farms who is also on the California Walnut Board and California Walnut Commission, to Bloomberg. “They could get below the
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