New Report Quantifies California's Nut Industry Impact
A new report is putting numbers behind the economic impact of California's nut industry.
The Peanut and Tree Nut Processors Association has released its first-ever economic impact report, titled "Nut Numbers: The Economic Impact of the Nut Industry." According to the study, California's nut sector generates nearly $21.9 billion in direct economic impact, supports more than 94,800 direct jobs, and accounts for more than $9.2 billion in direct wages.
Nationally, the report finds the U.S. nut industry contributes more than $148 billion to the economy each year and supports more than half a million jobs.
The industry also plays a major role in trade and tax revenue, contributing $15.7 billion in taxes and supporting nearly $10.7 billion in annual exports.
Demand for nuts comes from a wide range of food manufacturers, including candy, bakery, ice cream, and dough mix companies.
PTNPA says the report is designed to help the industry better understand its economic footprint and advocate for its future. An interactive map and the full report are available at PTNPA.org.
