California Pistachio Expansion and CPI Highest in 41 Years

California Pistachio Expansion and CPI Highest in 41 Years

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Pistachios are becoming the fastest-growing tree nut in California in terms of acreage expansion.

In its June report, Rabobank said pistachio-bearing acreage has grown fivefold in the past two decades.

The bank, which conducts ag market research, said the 2022-23 California pistachio crop will likely set a record for the third straight year.

California accounts for 99% of U.S. pistachio production and, in 2021, new pistachio acreage totaled more than 34,000 acres.

**House Ag Chair David Scott announced the intention to introduce a bill to help small family farmers and address the national crisis in our nation’s beef supply chain.

The bill creates a new program that strengthens the federal safety net and makes insurance products work better for small cattle producers.

The second pillar establishes a grant program at USDA to help small farmers and ranchers and producer-owned


**The Consumer Price Index increased 1.3% in June on a seasonally adjusted basis after May’s 1% rise.

Over the last 12 months, the all-items index increased 9.1% before seasonal adjustment.

The U.S. Bureau of Labor Statistics reports the increase was broad-based, with the indexes for gas, shelter, and food being the largest contributors.

The 9.1% increase was the largest 12-month increase since the period ending November 1981.

Previous ReportVidalia Onion Recall and CPI Increase Highest Since 1981
Next ReportFruit-Vegetable Imports Hit Record and Farm Numbers Continue Decline