Economics of Almond Production Road Show a Big Success

April 1, 2012

Almond industry members received good economic news at a recent series of presentations hosted by the Almond Board.Growers, handlers and allied-industry representatives from Bakersfield to Williams were treated to a series of four traveling presentations, titled The Economics of Almond Production, courtesy of the Almond Board of California (ABC).

The February presentations featured Almond Board member Bill Harp, CFO of the Fabbri Group, who spoke about the economic outlook for California Almonds. According to Harp, the demand growth analysis for almonds, combined with predicted acreage, suggests strong return on assets for almond growers over the next five years.

Dr. Karen Klonsky, Extension economics specialist, UC Davis, presented the most recent cost-and-return studies for California Almonds. The presentations were well attended and well received by members of the California Almond industry, especially in the South Valley.

Richard Waycott, president and CEO of ABC, gave a brief introduction about the current state of the industry and the future of sustainability. Ned Ryan, past Almond Board chairman, acted as moderator and addressed questions from the audience. Attendees were given a workbook of the presentation and a USB drive with an interactive Excel spreadsheet to plug in their own numbers and run the same calculations that were used in the presentations. To learn more about these presentations, email Jenny Konschak or call her at (209) 343-3248.