Daily News Article - April 29, 2011
1. What percent of the world's pecans are grown in the U.S.?
2. In addition to the size and quality of pecan crops each year, what has been affecting pecan prices over the last several years? Be specific.
3. Which group associated with the pecan industry has benefitted from China's recent interest in pecans? Why are they benefitting?
4. Why is China's interest in pecans negatively impacting the following:
a) pecan shellers
b) bakers and ice cream makers
5. Why is it more difficult for the pecan industry to estimate the size of harvests and for growers to coordinate, than it is for other nut growers? (see para. 18-19)
6. Do you think Chinese interest in purchasing U.S. pecans (or other U.S. foods including soybeans, dairy, rice and fruit juice [from para. 8]) is good or bad for:
a) the pecan industry? Explain your answer.
b) the U.S. economy? Explain your answer.
(Re-read how one pecan sheller is adapting to the Chinese interest in pecans, para. 29-32)