Deep pockets vie for Kern pistachio orchards
Pistachios have recently become perhaps the top choice for institutional investors in Kern County agriculture, apparently surpassing almonds. Farmland brokers say prices and demand for local pistachio orchards — the few properties listed for sale, anyway — have increased since about 2019 because of the trees’ longevity, crop price stability and higher tolerance for limited and lower-quality water supplies.
Related articles:
- North Bay Business Journal: A drought defying description: How California North Coast businesses are stepping up to the challenge
- The Associated Press: California drought takes toll on world’s top almond producer
- USA Today: Video: California drought squeezes thirsty almond farms