California farmers must destroy 420,000 peach trees after Del Monte closes its canneries and cancels more than $550 million in long-term contracts
- Posted on May 7, 2026
- By Fortune
- 0 Views
- 1 min read
California farmers must destroy 420,000 peach trees after Del Monte closes its canneries and cancels more than $550 million in long-term contracts
One Del Monte canning facility processed 30% of the state’s cling peaches, and its closure left growers with a glut of crops with no one to process them.