Pecan trees are a great source of income when properly cultivated. . Pecans are a species of American walnut and the only important nut that grows naturally in North America. They are considered to be one of the most valuable nut species in North America.
The word “nut” comes from the Native American word “pacane”, which means “nuts that require a bone to break”. As early as the 19th century, American colonists and Native Americans used walnuts as a medium of trade. With its buttery flavor and ease of storage, the nut quickly gained popularity. In the late 1880s, the technique of grafting walnuts was discovered; grafting ensured that the producer had a uniform variety of nuts, allowing producers to plant orchards.
As the nut industry has evolved, so has the reach of the nut. New varieties have been developed with better characteristics, such as ease of cracking, better flavor and earlier maturation. In recent years, up to 30% of walnuts produced in the U.S. UU.
Since domestic and global markets are taking an interest in walnuts, investors are optimistic that investments in walnuts will generate attractive dividends. Pecans are priced high enough to be considered a sound investment, and both small and large investors alike realize that they consider orchard land for sale as a long-term investment. LANDTHINK asked Matthew, who is currently also engaged in the cultivation and export of nuts in shells and without shells, some questions about the domestic and global market for walnuts, the fall in prices, trade wars and the long-term prospects for producers or investors who might be considering planting a new garden. Most of Georgia's nut industry is located in its southwestern region.
Albany and Dougherty County are known as the “walnut capital of the world” due to the number of walnut trees in the area. Walnuts are harvested during October and November, but are available all year round. Is Chinese demand for pecans as strong as it was 3 to 5 years ago? Not currently, but the “phase one” trade agreement has allowed importers to request a reduction in tariffs, which, together with the fall in prices, has brought China back to the table and start buying more this year. Which producer do you think will hold most of the Chinese market? I believe that the United States,.
It has been marketing more than anyone else; however, tariffs have had a big impact on demand. Do you think that some of the oldest varieties of walnuts are becoming obsolete? If so, which varieties? Yes. Any expert grower is replacing old varieties with new, better varieties, or has already done so. Again, that depends on the markets in which each producer plans to sell.
The Stuart and Desirable varieties are becoming obsolete. While there are still many of these varieties in and around the southeastern United States,. Stuart is an older variety that, on average, produces between 45 and 48% of grain. That means that for every 100 pounds of Stuart nuts produced by the producer, only 45 to 48 pounds of edible grains will be produced (assuming a 0% damage or slaughter rate, which is not realistic).
We now have varieties that regularly yield 55 to 58%. When comparing thousands of pounds over hundreds of acres, it's a no-brainer. As for the desirable nut, the cost of inputs has become the determining factor. A beautiful nut with a yield greater than 51% is desirable, but the cost of inputs to harvest it is much higher than that of a kiowa or a Cape Fear, which will produce just as well with a nut with a lower input cost.
As we install new orchards and replace older, lower-yielding ones, we continue to update them for better varieties. At what point will the slowdown in home sales negatively affect the housing market?. In a research study, Wells referred to a trial comparing gardens without irrigation with those receiving 1,200 gallons and 3,600 gallons a day. The non-irrigated orchard yielded 1,034 pounds per acre.
The orchard irrigated with 1,200 gallons a day produced 1,374 pounds per acre and the orchard that received 3,600 gallons a day ended up with 1,761 pounds per acre. But if all goes well, a pecan tree can produce strong annual yields for decades. In effect, a nut producer does not benefit from early harvests, but expects to obtain crops similar to those of an annuity in the future. Pecan Report provides the latest reports and news related to the current state of the pecan industry.
Walnut production entails high initial costs and, according to Wells, it takes “about six to eight years” for a commercial nut harvest to occur. .