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California farmers face devastation after Del Monte's bankruptcy
May 7, 2026, 2:00 AM10
(Update: May 7, 2026, 2:00 AM)
business
informative
impactful
California farmers face devastation after Del Monte's bankruptcy
- The closure of Del Monte's canneries has led farmers to destroy around 420,000 peach trees due to unprocessed crop surpluses.
- USDA has allocated $9 million in emergency funding to support farmers in transitioning to other crops.
- The bankruptcy of Del Monte Foods highlights deeper issues within the agricultural sector in California.
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2026 All rights reserved