US Wheat condition continues to decline β food prices will continue to rise. #GoGrow a garden!
via @Watcher_Grains
via @Watcher_Grains
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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 inβ¦
One Del Monte canning facility processed 30% of the stateβs cling peaches, and its closure left growers with a glut of crops with no one to process them.
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Global Food Security at Risk as Ukrainian Grain Exports Drop 22% YoY
Due to Russia's blockade in the Black Sea, Ukrainian wheat/barley/maize exports are down 22% Year-over-Year.
Ukrainian attacks on Russian vessels in the Sea of Azov (a key route for ~25% of Russian grain exports) have caused them to throttle exports there, prompting wheat prices to jump 7% on the news.
Notably, production itself is still solid β the problem is getting the grains out, and that's not happening reliably right now.
As mentioned above, the best hedge against war-related food supply chain disruptions ... is still right there in your backyard garden. #GoGrow !
#FoodWars
source: https://www.world-grain.com/articles/23077-regional-review-war-taking-toll-on-black-sea-grain-shipments
Due to Russia's blockade in the Black Sea, Ukrainian wheat/barley/maize exports are down 22% Year-over-Year.
Ukrainian attacks on Russian vessels in the Sea of Azov (a key route for ~25% of Russian grain exports) have caused them to throttle exports there, prompting wheat prices to jump 7% on the news.
Notably, production itself is still solid β the problem is getting the grains out, and that's not happening reliably right now.
As mentioned above, the best hedge against war-related food supply chain disruptions ... is still right there in your backyard garden. #GoGrow !
#FoodWars
source: https://www.world-grain.com/articles/23077-regional-review-war-taking-toll-on-black-sea-grain-shipments
World-Grain
Regional review: War taking toll on Black Sea grain shipments
Russian, Ukraine conflict wreaking havoc on grain trade
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