Almond Farmers Get Loan Perk: New Twist in California Nut Rules
Published Date: 3/20/2026
Proposed Rule
Summary
California almond growers might soon get the green light to borrow money from banks to help manage their almond marketing. This change could make it easier for the almond industry to handle costs and keep things running smoothly. If you want to share your thoughts, make sure to comment by May 19, 2026!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Board May Use Seasonal Line of Credit
The Almond Board of California could borrow from a commercial bank using a seasonal line of credit to cover short-term cashflow gaps. Borrowed funds would be repaid within a maximum of 12 months and would help pay for programs and research that occur early in the crop year when only about 18 percent of assessment revenue has been collected.
No New Paperwork or Reporting Burden
This proposed amendment would not add any new reporting or recordkeeping requirements for almond handlers or growers. Existing information collection approval (OMB No. 0581-0178) remains unchanged.
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