Nut farming can be quite a profitable undertaking, depending in part on the specific variety of nut you grow. Here are three of the most profitable types of nuts to farm.
1. Almonds are one of the most popular nuts farmed in the United States, making it the top almond-producing country in the world. The southwest region of the United States is where most of the almonds are grown, including in parts of Texas and the San Joaquin and Sacramento valleys in California. Almond trees generally begin producing nuts in about four years, and they can reach heights of twenty-five feet.
2. Chestnut trees once comprised nearly one-quarter of all trees found in the Carolinian forest, a deciduous forest in the eastern United States, before chestnut blight nearly wiped them out. But now plant scientists are focused on trying to bring back the North American chestnut, crossing it with Asian species that are more resistant to blight. To produce chestnuts, you will need two different cultivars - chestnuts are self-sterile, and two types are necessary for pollination. At maturity, the timber value of chestnut trees is also quite high.
3. Black walnut trees, like chestnut trees, can be grown both for the value of the nuts they produce and the value of their timber at maturity. Veneer logs that are produced from black walnut trees sell for thousands of dollars each. Even with a thirty-year wait for maturity, the payoff can be quite high.
