Price Of Pecans Per Pound 2020

Harvest season has arrived for pecans in Georgia. We have an excellent crop of pecans this year from the perspective of both volume and quality. However, the pecan market is quite disturbing to most growers at the moment. Prices so far in the early part of the harvest season are down considerably from recent years. They are down even in comparison to the prices we saw prior to China’s entrance into the market. In 2009, the average in-shell price was $1.28 per lb when averaged across all varieties and harvest dates. As China entered the market the following year, 2010, in-shell pecan prices averaged $2.17 per lb and we enjoyed similar prices until the trade tariffs went into place.

We were hearing all throughout the summer that prices would be lower this year and that is indeed the case. The highest prices I have heard of on the market were for early Pawnees at $2.35-$2.40/lb. This price didn’t hold for long and is now down in the range of $2.07-$2.26. Elliots have been in the range of $2.05-$2.15. I have spoken with growers who received $1.60 contracts for a few loads of Stuarts a couple of weeks ago, which is the highest price I have heard for that variety. Even good quality Oconee at 44 count and 56% kernel were only bringing $1.80-$1.90 offers. I have heard these prices have dropped a little as well. Moneymaker prices have been 0.60-0.90/lb, if you could even get a price quote for them. I don’t know of any Desirable sales yet at this point, but I have heard prices tossed about in the range of $1.75-$1.90. It’s hard to grow Desirable at any sort of profit when you get below that range.

Description

Pecan prices are devastatingly low for Georgia producers. But how low are they compared to what farmers are used to this time of year? South Georgia pecan farmer Randy Hudson puts it in perspective. “We’re seeing prices anywhere from 30% to 50% less than what they’ve been the last three years,” Hudson said. “It makes a big difference. Of course, the expense of growing pecans is a very critical issue here. The expense of growing pecans has not been any cheaper, although, we have seen prices on the fuel side and there have been some prices that have gone down in other areas.

“The production costs are still pretty high. Fixed and variable costs are running over $2,000 an acre. You’ve got a lot of expense in pecans. These low prices make it very difficult to be able to pay your bills.

Features of Pecans

“This rule establishes a marketing agreement and order (order) for pecans grown in the states of Alabama, Arkansas, Arizona, California, Florida, Georgia, Kansas, Louisiana, Missouri, Mississippi, North Carolina, New Mexico, Oklahoma, South Carolina, and Texas. The order provides authority to collect industry data and to conduct research and promotion activities. In addition, the order provides authority for the industry to recommend grade, quality and size regulation, as well as pack and container regulation, subject to approval by the Department of Agriculture (USDA). The program will be financed by assessments on handlers of pecans grown in the production area and will be locally administered, under USDA oversight, by a Council of seventeen growers and shellers (handlers) nominated by the industry and appointed by USDA.” (81 Fed. Reg. 51298

Nutrition facts

Amount per serving% Daily Value*
Total Fat 20g
Saturated Fat2g
Trans Fat0g
Cholesterol 0.0mg
Sodium 0mg
Total Carbohydrate 4g
Dietary Fiber3g
Sugars1g
Includes Added Sugars0g
Protein 3g
Calcium20.0mg
Potassium120mg

Prices of Pecans

 $5.90-$9.60 / Kilogram

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