A Coming Glut of Almonds and Pistachios

That's my prediction, based on these figures from Chris Clayton:

Speaking of which, all you rolling in the money corn and soybean farmers, figure this math out. Last year, some of these guys in the valley got about 4,000 pounds an acre off their pistachios, and sold them at $2.50 a pound. Production costs for a pistachio crop is about $2,000 an acre. And it's a wonder why private investors are willing to pour money into pistachio or almond orchards that won't make a crop until three to five years.