West Coast Nut September 2019

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Pistachio Prices Hinge on Export Expectations By DAVID MAGAÑA | Ph.D., Senior Horticulture Analyst for Rabo AgriFinance OFF AND ON. THAT RHYTHM IS THE cadence for pistachio yields. On and on is what exports need to be. Last year two-thirds of U.S. pistachios crossed borders or sailed oceans. California producers have planted pistachio trees at a faster rate than any other tree nut variety over the last decade. Watching production grow, the RaboResearch team developed a supply-and-demand analytical tool to help growers anticipate prices levels for the next five years. thousand acres Figure 1. Baseline US Pistachio Acreage, 2008/09-2024/25e. 300 200 100 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 Source: CPC, ACP, CASS, APG, Rabobank 2019 2014/15 2015/16 2016/17 Bearing 2017/18 2018/19 Non-Bearing 2019/20e 2020/21e 2021/22e 2022/23e 2023/24e 2024/25e Connect your farm operation. Simplify record keeping, manage block-level profitability, get complete traceability. Supply Growth is Set to Continue Pistachio bearing acreage grew more than twofold over the last decade, making pistachios California’s fastest-growing tree nut in terms of acreage. From 2024, bearing acreage will sit at about 370,000 acres—roughly a 40 percent increase (Figure 1). Industry estimates show that average pistachio net returns per acre exceed those obtained in competing nuts, creating incentives for new plantings. A relevant proportion of pistachio’s planted acreage is located in the Southern San Joaquin Valley, a water-challenged area. The Sustainable Groundwater Management Act (SGMA) will limit future growth. For this reason, estimates indicate that non-bearing acres will remain stagnant for a few years and then decline by the end of the projection period. Yet bearing acres will be at record-breaking levels every year for the next several years. After reaching a record crop in 2018, pistachio production in California is set to continue to grow. Rabo AgriFinance’s market outlook, based on its pistachio supply-and-demand analytical tool, predicts that the 2019 crop will be the third-largest on record, while the 2020 crop should break the one-billion pound barrier. Moreover, pistachio production should reach new record levels in 2022 and 2024, as those are expected to be “on” years. Average yields will likely increase over the projected period as more trees reach maturity and full 209-232-5882 | Conservis.ag Continued on Page 12 10 West Coast Nut September 2019
September 2019 www.wcngg.com 11
Page 1 and 2: WEST COAST NUT SEPTEMBER 2019 ISSUE
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Page 20 and 21: MYCORRHIZAL FUNGI HAVE BENEFITS IN
Page 22 and 23: Minimal interplay with soil ecosyst
Page 24 and 25: 38 Year UCCE Farm Advisor Janine Ha
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Page 28 and 29: The Full Menu of Workshops and Semi
Page 30: EMERGENCY WILDFIRE SMOKE REGULATION
Page 33 and 34: It is important to remember that wh
Page 35 and 36: Navel Orangeworm Control! Mating di
Page 37 and 38: NON-GMO 100% Water Soluble 80%+ Ami
Page 39 and 40: Telly Wirth measures the whip of a
Page 41 and 42: Introducing the Precision Fit 8 Cab
Page 43 and 44: Thursday September 26 1:00PM Regist
Page 45 and 46: North Valley Nut Conference see pag
Page 47 and 48: California Walnut Conference see pa
Page 49 and 50: GET YOUR DUST UNDER CONTROL SERVICI
Page 51 and 52: + FOR POST-HARVEST APPLICATION TO C
Page 53 and 54: South Valley Nut & Citrus Conferenc
Page 55 and 56: September 2019 www.wcngg.com 55
Page 57 and 58: Almond sorter lines. a successful f
Page 59 and 60: WALNUT HULLING & DRYING EQUIPMENT
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Katherine Jarvis-Shean, UCCE orchar
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Autonomous sprayer making a spray a
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Crop Consultant Conference Septembe
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the need for fossil fuel based ener
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are vulnerable to crop loss or dama
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The best way to manage pathogens be
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Calcium Where you need it when you
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upset the balance of a stable and a
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"Our plant-based plans showcase pec
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November 20th, 2019 7:00 AM to 1:00
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TAC 2019 a Year of Lodging, Foodie
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Multi-Target Navel Orangeworm Monit
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West Coast Nut September 2019

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