September-October 2024

PRESIDENT’S CORNER

This summer has been a scorcher! Here, in Sacramento, temperatures soared well over 100 degrees. Like the California summer heat, you have been relentless in cultivating your orchards and the team at Blue Diamond headquarters is relentlessly marketing your almonds and trying to get you the best possible return for them. Despite a brief respite from the heat in early August, we began receiving the first loads of almonds on August 5 and we are at peak harvest now. Last year’s unexpected hurricane and heavy rainfall during harvest made for a challenging season, so we look forward to a better crop this year. Many growers are still recovering from last year’s setbacks, and this year’s ongoing challenges have only added to the pressure. One of the biggest threats to our crop this year has been the carpophilus beetle coupled with webspinning mites, which Mel Machado and the team have been closely monitoring. Mites can prematurely defoliate trees and significantly reduce next year’s crop potential. We’ll continue to keep a watchful eye on the situation as harvest progresses.

Kai Bockmann President & CEO

Final Return for the 2023 Crop

Overall Average

Average of High Quality

Maximum Possible

Variety

Nonpareil & Sonora Inshell

$1.97

$2.04

$2.07

Nonpareil /Supareil Meats

$1.83

$1.91

$1.97

Sonora Meats

$1.81

$1.89

$1.93

Independence Inshell

$1.70

$1.73

$1.75

Independence Meats

$1.63

$1.67

$1.70

Carmel & Winters

$1.59

$1.62

$1.66

Monterey /Neplus

$1.56

$1.61

$1.66

California /Price /Fritz /Wood Colony

$1.51

$1.56

$1.59

Butte & Padre

$1.56

$1.59

$1.62

Mission

$1.38

$1.40

$1.43

Note: The above rates do not include Volume Premiums, Sustainability Incentives, Domestic Production Activities Deduction (DPAD) or IC-DISC advantages.

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ALMOND FACTS

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