Economics Of The Massive and Growing California Almond Industry
Tuesday Dec 15th, 2020 Dan Sumner is a Distinguished professor in the Department of Agricultural and Resource Economics at UC Davis, as well as the Director of the UC Agricultural Issues Center at UC Davis.
“Of course, we ve seen this coming for a decade. So, we ve known that the bearings acreage was going to continue to go up because we ve got the non-bearing acreage, and that’ always coming up,” Sumner said. “We don t know for sure how many acres will be pulled, but nobody s surprised that we have a massive crop.”
“The question is long-term demand. Do we get used to lower prices? There s a million-dollar question. Actually, that s a billion-dollar question, isn t it? And nobody really knows the answer and I m not going to pretend like I do either,” said Sumner.
Economics Of The Massive and Growing California Almond Industry
Tuesday Dec 15th, 2020 Dan Sumner is a Distinguished professor in the Department of Agricultural and Resource Economics at UC Davis, as well as the Director of the UC Agricultural Issues Center at UC Davis.
“Of course, we ve seen this coming for a decade. So, we ve known that the bearings acreage was going to continue to go up because we ve got the non-bearing acreage, and that’ always coming up,” Sumner said. “We don t know for sure how many acres will be pulled, but nobody s surprised that we have a massive crop.”
“The question is long-term demand. Do we get used to lower prices? There s a million-dollar question. Actually, that s a billion-dollar question, isn t it? And nobody really knows the answer and I m not going to pretend like I do either,” said Sumner.