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

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.