Like most permanent plantings, a peach orchard is a long-term investment and peach farming requires patience. Peach trees have a lifespan of about 15 years but don’t bear fruit during the first two years. The trees will produce some fruit the third year but bear the most peaches in years 4 to 15. With that in mind, AgAmerica crafts custom loan packages for fruit growers and will be there to finance your peach farming operation for years to come.
Peach Industry Overview
Peaches are commercially produced in 23 states. The top four states in peach production are California, South Carolina, Georgia, and New Jersey.
In 2012, the United States had 112,880 acres of peach trees in production
That year’s peach crop was 965,420 tons, and was valued at more than $631.2 million.
The United States is a net exporter of peaches. The top destination for U.S. peach exports is Canada.
Peach grower refinances with AgAmerica
The solution: Having grown peaches for over a century, this farmer diversified his operation in 1995, adding strawberries to the family farm. Today he operates 1,100 acres of produce including peaches, blackberries, strawberries, apples, pears, melons, squash, and broccoli. And he welcomes thousands of agri-tourism visitors to the farm each year…