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relocate?’” he mused. That said, he believes the Official My cousin has your back proud air force family military Shirt Also,I will get this future of the 100,000-person industry is bright as long as farmers can “take some of the uncertainty out” of water availability and “allow growers to make longer-term decisions.” “It’s great food that we produce and a very responsible and progressive industry that’s trying to do their best with the hand that they’ve been dealt,” Waycott said. The industry’s water woes come amidst a devastating pandemic that has been largely crippling for the U.S. economy, closing restaurants and movie theaters and forcing workers to stay at home. video California Wineries struggle to find insurance amid drought California wineries fear wildfire season as owners struggle to find insurance coverage. FOX Business’ Lydia Hu with more. But while some sectors were suffering, the almond industry was thriving despite initial anxiety. “We had a huge crop right when the pandemic was hitting, and we were thinking, ‘Oh God, if demand falls off and we’ve got this huge supply, the market’s just gonna crash, right?’ We saw almond prices drop considerably,” Woolf recalled. “But what we didn’t anticipate is consumers did a lot of … pantry loading and everything. So, we actually saw — much to our surprise — we had very strong shipments, not only domestically but our export numbers were very good for the industry,” he said, pointing out that of the first 11 months of the past year’s almond crop, 10 were “all-time, record-breaking shipping periods.” In 2020, the almond industry produced a record 3.1 billion pounds, which Waycott said was the “largest crop [they’ve] ever had.” Between the 2018 and 2020 crops, production grew by 37% and sales were up more than 20% year-to-date, which finished at the end of July. “It’s just one of those strange circumstances where there was all this heartache and calamity going on at the same time … [and] we sort of had a boom in demand,” he said. CLICK HERE TO READ MORE ON FOX BUSINESS Woolf told Fox Business that it’s “hard not to be a little bullish right now.” According to the Turlock Journal, during the 2019-2020 crop year, California produced 2.55 billion pounds of almonds and exported nearly 1.6 billion pounds. A U.S Department of Agriculture report predicts this year’s crop will weigh in at a record 2.8 billion pounds.
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