Pecan prices reach record high this year

LAS CRUCES — As the winter pecan harvest winds down, New Mexico pecan farmers and backyard growers are receiving record-high prices for the crop.

A federal report for farmers in New Mexico, Arizona and West Texas shows the price paid for a common variety of pecans, known as Western Schley, is ranging between $2.88 to $3.05 per in-shell pound.

A previous record high for New Mexico prices happened in 2010, when growers received about $2.83 per pound on average for the season. While the current season must end before the average price can be determined, it’s likely to be higher, with pecans often fetching above $3 a pound, farmers said.