Many Specialty Crops See Drop In Prices Too

It is not just corn, soybeans and wheat that are seeing slumps in prices.  Many specialty crops such as almonds are also seeing a drop in price due to an increase in the dollar and reduced demand for the product.

A recent article by Valley Public Radio spotlight the issues that almond growers are facing in California.  The prices were high a couple of years ago and now the price is at least a $1 per pound lower and growers are also facing possible increases in water prices.

Most of farming is facing lower prices and lower profits and it appears to be across the board, not just the major crops.

Paul Neiffer, CPA