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by jdmichal
3768 days ago
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The problem isn't directly with the amount of almonds. They're a fungible commodity; market pricing will take care of that. The root problem is that the main input to almond production, water, is being drastically subsidized below what market price would be, meaning that almond growers aren't getting the correct market feedback to properly scale production. If the growers were charged a market rate for water, and almond demand didn't change despite the price increase, then there's no reason for them to produce less. |
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