The nut has been adopted as the official “nut” in some states. Tasty in a cake, walnuts come at an expensive price. In short, the price of walnuts is exceptionally high because there is low supply but high demand. In addition, nuts are marketed as a luxury, increasing their price, and the market is unreliable.
In general, walnuts are expensive, especially for most consumers. Walnuts are seasonal and it takes more than 10 years for the tree to mature and start producing the precious nuts. The harvest is sometimes interrupted by the prolonged wet season, creating distribution gaps in the market and causing prices to rise. Since walnuts are an essential part of pecan pies, prices also fluctuate when the price of walnuts follows suit.
As walnut orchards ripen slowly, farmers have to find ways to recover their investment as quickly as possible, which explains why walnuts are so expensive. The price of walnuts is going up, going up, which may mean that if you're planning a pecan pie for Thanksgiving, now's the time to buy them. The time they take to mature and produce makes nuts expensive and restricts the growth of new nut trees. Given the time it takes to mature a walnut orchard, farmers have to look for ways to recover their inputs in the shortest possible time, which partly explains why walnuts are expensive.
Despite the international reach of walnut cultivation, most of the world's nuts still originate in the United States. Droughts also have the potential to delay crop development, leaving the walnut farmer with an orchard that requires water and regular attention, but cannot produce nuts to compensate for the required investment of time and resources.