Forwarded from USDA PRIME MEMES
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Forwarded from Ice Age Farmer
USDA Destroying 420,000 peach trees after Del Monte closes all California canneries for good
Del Monte (139 years old) filed bankruptcy as rising energy prices and steel tariffs exacerbated an already bad balance sheet. They closed their Modesto and Hughson canning plants and canceled long-term contracts worth hundreds of millions.
Farmers now have no buyer for clingstone peaches meant for canning.
The USDA is "helping" farmers, providing $9m to destroy the orchards, calling it 'support for transitioning.'
This is what systemic failure looks like in a centralized food supply: one big player collapses, and the entire chain breaks.
Grow your own food! De-centralize! #GoGrow
https://fortune.com/2026/05/07/california-peach-farmers-destroy-420000-peach-trees-del-monte-bankruptcy-filing/
Del Monte (139 years old) filed bankruptcy as rising energy prices and steel tariffs exacerbated an already bad balance sheet. They closed their Modesto and Hughson canning plants and canceled long-term contracts worth hundreds of millions.
Farmers now have no buyer for clingstone peaches meant for canning.
The USDA is "helping" farmers, providing $9m to destroy the orchards, calling it 'support for transitioning.'
This is what systemic failure looks like in a centralized food supply: one big player collapses, and the entire chain breaks.
Grow your own food! De-centralize! #GoGrow
https://fortune.com/2026/05/07/california-peach-farmers-destroy-420000-peach-trees-del-monte-bankruptcy-filing/
Fortune
California farmers must destroy 420,000 peach trees after Del Monte closes its canneries and cancels more than $550 million in…
One Del Monte canning facility processed 30% of the state’s cling peaches, and its closure left growers with a glut of crops with no one to process them.
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