Key crop prices emerge after spring flooding
While large tracts of farmland were underwater this spring, prices for Valley crops are on the rise as California soil and growers prove to be resilient once again. California’s tomato processors reported they have or will have contracts for 12.7 million tons of processing tomatoes for 2023, the highest number of contracted planted acres since 2016. This production estimate is 2.4% higher than the January intentions forecast of 12.4 million tons, and 21.4% above the final contracted production total in 2022. The May contracted acreage of 254,000 is 2.4% above the January intentions forecast of 248,000 acres and 24,000 acres more than last year’s final contracted acreage.