California almond production in the 2022-2023 season is expected to drop 11%, according to the USDA.
California’s driest three-year period on record has spurred unprecedented cuts to usual water supplies, driving up costs. That’s forcing some producers to tear out orchards in favor of other crops, or simply stop watering trees.
California supplies 80% of the world’s almonds and volume is shrinking for the first time in over 25 years. This is the result of the state’s historic drought which is leading farmers to abandon orchards or forgo new plantings altogether.
The state had an estimated 1.64 million acres at the end of August, down slightly from a year earlier, according to the Almond Board of California. Further, the number of new trees planted from 2020 but are not yet bearing almonds fell 17%.