California peach growers to pull up 420,000 trees after Del Monte collapse

1 min read
Source: The Independent
California peach growers to pull up 420,000 trees after Del Monte collapse
Photo: The Independent
TL;DR

After Del Monte Foods shut its Modesto and Hughson canneries, Central Valley peach growers will destroy about 420,000 clingstone peach trees, risking roughly $550 million in lost revenue. Up to $9 million in federal aid will help remove about 3,000 acres of orchards, reducing production by about 50,000 tons and aiming to save roughly $30 million in additional losses, while farmers pivot to other crops.

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