USDA Is Giving California Peach Farmers $9 Million to Uproot 420,000 Trees
The funding will help growers uproot trees and shift to other crops after Del Monte’s bankruptcy left peaches without a market.
5 Articles
5 Articles
The Independent
The Independent (US)California farmers to destroy 420,000 peach trees after Del Monte collapses
Officials say cutting 50,000 tons of peaches from production could prevent $30m in losses for farmers
420,000 peach trees to be destroyed following Del Monte bankruptcy
Following Del Monte Foods' bankruptcy filing, California farmers are expected to destroy nearly 420,000 clingstone peach trees in an effort to help growers recoup roughly $30 million worth of losses. What's happening? Del Monte Foods, the canned produce company, filed for bankruptcy after operating for almost 140 years. Now, the food processing company has shuttered several canneries, which has resulted in an enormous amount of stranded peaches …
After the insolvency of Del Monte, Californian farmers have to cut down 420,000 peach trees. An aid programme supports the producers in this crisis situation.
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