September 30, 2022
HNH Nut Company
31881 Road 160
Visalia CA 93292
559
-
798
-
1517
Bonus Payment:
Enclosed with this letter is a bonus payment towards the 2021 pecan
crop
.
On an in
-
shell basis the average bonus was $.75
per in
-
shell
pound.
Yo
ur
individual statement will reflect your payment d
etai
ls
.
2022
Pecan Crop Announcements:
1. The
2022
m
inimum
price
will
be
$1.3
2 per in
-
shell pound
.
The minimum payment schedule will pay
four payment installments
of
$.33
per in
-
shell pound received
from the 2022 crop
,
less assessment
s
.
2. We have
not had a dehydration fee increase
since 2016
.
Regarding
the increasing cost of
operating,
we’ve
been
obligated
to
increasing
our cleaning and dehydration fee to
$
0 .15 per in
-
shell pound.
3. We are expecting a record crop this season, so we need to be logistically prepared. We will be working closely with harvester s
to insure we have
receiving
capacity at the time of harvest
.
Our p
lant has been updated to handle what is expected, just not all at once. If you are a grower who harvest
s
your own
pecans,
please make sure to contact me before you harvest to insure there is room to receive.
Communication will be the key to a successful har
vest.
4. For growers who produced less than 50,000 pounds f
rom
the 2021
crop you are eligible for
an
assessment reimbursement.
Please be in contact with
Emma Garner
for further information as the submission process in changing.
Office:
817
-
985
-
3034
Email
:
[email protected]
Progress and Market Trend:
National reports are forecasting a large 2022
crop. The National Shellers Association (NPSA) has estimated the US crop to be 304 million pounds
.
In addition, the U.S. carry
-
in
is expected at 177 million pounds with
Mexico
to
impo
r
t 250 million pounds
, to
taling
the
2022 crop
to reach
and estimated
730 million pounds making this season on “on
-
crop year”
Current
ly
pecan supply is tight, as
pieces have reach equal
to
or
greater le
vels than halves
. While a
large crop
estimate has buyers buying
with
cautio
n
as
a
potential
market
softening
lingers.
HNH will enter the season with a
zero
-
carry
in. The early market is believed to bring value since supply is tight among the western states.
It will be interesting
how hurricane season effects the
S
outh including Georgia’s 130
-
million
-
pound crop
, and
where prices
settle
in the
first quarter
. God wil
ling, we have a great year and prices hold through the season.
We look forward
handling and marketing your
2022 crop
and
t
hank
y
ou for your continued commitment to HNH Nut
Company
.
Sincerely,
Blake Houston
HNH Nut Company
31881 Road 160
Visalia, CA 9
3292
559
-
798
-
1517