The global economic downturn has finally hit the California nut industry, with prices for almonds and walnuts skidding.

Prices for pistachios still remain relatively strong because of a short crop and a global shortage.

Almond growers, who harvested a record 1.3 billion pound crop, remain optimistic that the credit crunch will ease and will help move the crop.
 
To read the full story in Ag Alert, visit the California Farm Bureau Federation.