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Cash in almonds

25 Feb, 2010 02:45 PM
STRUGGLING grape growers, cattle farmers and wheat producers take note because the almond industry is on the march and they want you.

With production tipped to rise by 25 per cent this year alone, a string of successful yields and increasing global demand, local farmers say now is the time to go into the business of nuts.

Almond Board of Australia (ABA) crop figures predict 46,100 tonnes of almonds will be harvested this season, up from 36,500 in 2009.

At 600-acres and 65,000 trees, Denis Dinicola's Lake Wyangan property is the largest almond farm in Griffith.

Two weeks into the six-week harvest period the crop is looking good. Trees planted three years ago have begun bearing nuts and life is sweet.

"We don't want to get too excited but it's pretty good at the moment, although it has been a long battle to get where we are" he said.

"There are a lot of input prices, we use eight to 10ML of water per hectare and use more fertiliser than many other crops."

But the trouble and cost is proving well worth it, global demand for almonds is rising by five per cent every year. "Australia and America just can't supply enough at the moment, so it's looking pretty attractive," he said.

Mr Dinicola said there were plenty of opportunities for newcomers in the area. "At this time there does seem to be room for more people (in the industry)," he said.

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