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News & Current Events May 9, 2026 at 7:15 PM

California farmers to destroy 420,000 peach trees after Del Monte collapses

Posted by no1_vern


California farmers to destroy 420,000 peach trees after Del Monte collapses
The Independent
California farmers to destroy 420,000 peach trees after Del Monte collapses
Officials say cutting 50,000 tons of peaches from production could prevent $30m in losses for farmers

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SillyFez 1 day ago +9487
So dug into this a bit. It's just a sad situation. The peaches are made for high heat canning not for grocery sales. We would hate to eat them and they have no real market value outside of their purpose. They go bad in days. Transport logistics are difficult. Only so much food banks cam handle. 50,000 tons is ~= 110 million pounds. Oof. I feel like there's something wrong with the food growing and distribution strategy of modern day.
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techleopard 1 day ago +3644
When COVID had dairy farms dumping tens of thousands of gallons of milk out onto the ground while the bulk of the nation was having problems finding milk on the shelves for no other reason than the shape of the missing containers were meant for bulk sale rather than retail, that should have been the clue that there is a serious issue with the way we have consolidated our logistics system. Our **entire** food industry has been reduced to a small number of conglomerates that fully control all verticals in the supply chain, from the creation/growth of food, the harvesting, the processing, the packaging, and the transport. Small farmers -- like dairy farmers, poultry raisers, or crop growers -- have no control or place beyond selling to these conglomerates. We need to diversify our food supply, encourage more widespread homesteading and cottage sales, and direct farm-to-store and farm-to-consumer relationships. Encourage independent transport and packaging again and you'll find a system that is more primed to adapt than not.
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RiPont 1 day ago +876
COVID had shortages of distilled water. WATER. That you boil into steam, then collect. And they couldn't stock that in store shelves.
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hera-fawcett 1 day ago +684
tbf, water scaracity is entirely real. most of our freshwater sources are depleting and we dont have enough desalination plants to make saltwater drinkable. we're basically out of groundwater. nearly all of us is in a drought rn--- and we're experiencing our first area to run out of water, corpus christi.
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Ok_Adagio9495 1 day ago +510
This is where data centers are added to finish us off . They're wrong on so many levels.
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CheckMateFluff 1 day ago +338
Listen, data centers are not even close to our biggest problem. We grow absurd amounts of corn, then turn around and convert it into ethanol just to subsidize gasoline. Do people realize how much water that takes? or what all that runoff does? Until we deal with rampant agricultural abuse, data centers are not even the main fire. They are barely smoke compared to the mess we already decided to call “normal”
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SuperSpy- 1 day ago +229
The dumbest part of ethanol production is if all those corn fields whose sole purpose is making fuel were converted into solar farms it would produce something north of 10% of the current US electricity demands. To make it even more absurd, if that electricity was powering electric cars instead of the corn powering gas cars, each unit of land could "drive" a car something absurd like 20x more distance.
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matdragon 1 day ago +54
I also watched technology connections what an insanely informative video
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SuperSpy- 22 hr ago +15
That video was eye-opening for me as I knew ethanol was stupid, but it wasn't until I saw him put numbers behind it that I realized _how_ stupid it was.
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Kizik 1 day ago +13
Did you leave a comment telling him what he got wrong? It boosts engagement!
13
MakeMine5 1 day ago +33
California and Arizona waste enormous amounts of water growing almonds for China and alfalfa for the middle east.
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raginTomato 1 day ago +22
Facts. In Colorado like 70% of water usage goes to growing alfalfa, as it’s one of the higher crop water usage out there. The kicker, we don’t even use the alfalfa, we sell if to Saudi Arabia!!
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RiPont 1 day ago +64
> tbf, water scaracity is entirely real. Except the water wasn't the scarce part, in my locale. It was the boiled-into-steam part.
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SinisterCheese 1 day ago +38
Distilled water is required to have certain degree of purity. The steam needs to be purified then condensed. Medical grade sterile water is even stricter. Nobody keeps these systems around and inorder for no reason, distilled water being very low value product. Supply shocks for low value products like this are quite common and easy to happen, but usually there is market capacity to make it so that it won't show in high value markets like western consumer markets.
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Outlulz 1 day ago +150
It's only going to get worse. Farms can't even afford fertilizer this season thanks to inflation and Trump's war. They are going to go out of business and get consolidated further under a couple of big corps.
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bgg-uglywalrus 1 day ago +122
Damn, if only farmers didn't overwhelmingly vote for this.
122
darksidemags 1 day ago +98
That's not just a covid thing. Milk dumping is a routine practise in the dairy industry to keep supply in check rather than lower prices. 
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freeradioforall 1 day ago +17
I don’t think you can simultaneously feed a country of 300,000,000 but also expect a company that specializes in packaging milk in 300 gallon tubs to suddenly be able to pack them into 1 gallon containers
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TD12-MK1 1 day ago +2204
What’s actually happened here is a change in consumer behavior. Canned fruit and vegetables was a big thing for 100 years, now it’s not.
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Vegetable_Good6866 1 day ago +1448
Canned vegetables are still a thing for me because I'm poor, never cared much for canned fruit admittedly but that's personal taste. I get fresh vegetables at beginning of month when I have food stamps, but by the end of month I'm eating a lot of canned vegetables.  One thing I like to do is cook up canned green beans with butter, soy sauce and ginger then put them on top rice
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hacksong 1 day ago +255
I really like the frozen veggies. I have a rice cooker and will toss them in the steamer basket near the end of the rice cooking.
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T-Bills 1 day ago +78
Oh yeah if we didn't have frozen veggies I'd be food shopping every week
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hacksong 1 day ago +41
I usually do fresh mushrooms and broccoli, and frozen/canned everything else. Bag of apples or a watermelon for fruit and then a big value pack of chicken and a pork loin. Beef every so often, but usually a cheaper cut or a roast so I get a few meals from it. I smoke the pork loin Sunday on my days off and make sandwiches, then do different chicken dishes for supper. Usually with rice and a veg as side. Sometimes it's shredded chicken quesadillas or just chicken thighs in cast iron. Every so often I toss bouillon and some mushroom and carrot into a stock pot and shred it to make chicken soup + rivels (flour + egg dough dropped in simmering broth to cook). Basically just survive off bulk food prep and whatever's c**** or on sale.
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rukh999 1 day ago +5
Huh, I go food shopping probably twice a week and sometimes more. You go less than once a week?
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SnipesCC 1 day ago +54
Frozen food it picked when it's ripe and processed immediately. Fresh stuff is picked when underride so it ripens during transport, unless you buy it at something like a farmer's market.
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Possible_Top2783 1 day ago +306
Thank you for this excellent suggestion. I've been running out of money at the end of the month since the beginning of this year and trying to figure out how to stretch a dollar. At least I will have something to eat at the end of this month. May your blessing to me come back to you double.
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SnipesCC 1 day ago +103
My favorite cheapo-meal is Mujadara. Lentils, rice, and a ton of cumin. pennies a serving and so good it's what I used to ask my mom to make when visiting home. It's best with carmalized onions and a dollop of plain yogurt, but that's not required.
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xXxDickBonerz69xXx 1 day ago +45
Lentils or beans, and rice, throw in whatever vegetables you want and are c**** with whatever bulk c**** spices sound good. Endless variations, healthy and nutritious, and c**** as hell. You can cook a big batch on Sunday night and have a meal ready every night of the week if you're tight on time and work late.
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Anteresting 1 day ago +34
I am not in your situation and wish and believe that you deserve having the resources for a healthy and secure month to month and year to year for your entire life. We must all vote for leaders who focus the wealth of this nation into a politics of equity.
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paracelsus53 1 day ago +88
I am also poor and I love canned peaches because they don't go bad. I like to mix them with cottage cheese, ricotta, or yogurt for breakfast. I have noticed recently that they have been scarce in the supermarkets near me. This must be why.
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ThatThingInTheWoods 1 day ago +143
I love canned green beans and canned beans in general I would be devastated if they disappeared
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RKKP2015 1 day ago +107
I prefer canned green beans over fresh.
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koz44 1 day ago +35
I have been too afraid to admit this for some time.
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OSRSTheRicer 1 day ago +10
Honestly? I've only met 3 people who prefer fresh to canned.
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Stracharys 1 day ago +7
Now you have met four. I thought I didn’t like vegetables as a kid, and got the “picky eater” label. Not 100% wrong, but the difference between canned and fresh green beans and peas was shocking! I think it’s a texture issue for me.
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MasterShogo 1 day ago +18
I love fresh fruit and vegetables, but we prefer canned green beans. They’re just plain good.
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Canofsad 1 day ago +24
Yeah, Canned corn and Greenbeans was a stable of most childhood dinners
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JohnHwagi 1 day ago +13
Are canned vegetables cheaper than frozen ones?
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Telvin3d 1 day ago +58
Frozen is often both cheaper and better quality. However, there’s a lot of overlap between people who are food insecure and people who don’t have reliable access to freezers
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fredkreuger 1 day ago +13
Can be, but usually larger quantities in frozen, so it's important to look at the volume price, and weight that against if you will eat the leftovers.
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Madanimalscientist 1 day ago +15
For some reason my allergies mean that fresh peaches/pears taste 'itchy' but canned ones don't, so I get the canned ones in juice all the time (I had some with yogurt for breakfast). I get canned mushrooms a lot too, though lately the canned green beans I've been getting have been too mushy so I've switched to frozen green beans. But growing up canned veggies were the main veggie we ate, and same with canned fruit.
15
whk1992 1 day ago +170
At the rate of water scarcity and transportation cost rising, everything fresh produce might not be feasible for many people soon, so prepared food will probably be necessary to many households again in the next decade.
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saera-targaryen 1 day ago +52
I think frozen food is becoming much more popular than canned due to the ability to flash freeze at peak ripeness, so it's a better tasting end product for the consumer. 
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quick_justice 1 day ago +23
That’s when you can throw energy around like nothing. Canned food is shelf stable.
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Bulleveland 1 day ago +23
Flash freezing is so much better
23
FrenchTicklerOrange 1 day ago +183
Everytime I walk past them I question why I would do that when fresh veggies and fruit are fully available.
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gahidus 1 day ago +75
Canned vegetables are nice to have on hand just so that you always have something available, if you're not constantly running to the grocery store everyday.
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geraffes-are-so-dumb 1 day ago +380
That wasn’t always the case and the constant availability of most fresh goods is relatively new. When i was a kid in a cold state the only way we got peaches most of the year was canned or frozen and canned is much better. I keep canned peaches on hand out of habit.
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Ecw218 1 day ago +242
Canned peaches on vanilla ice cream or in a crumble are unbeatable.
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Podo13 1 day ago +63
I feel like basically every canned fruit has its place as the unbeatable choice in specific recipes, other than pears maybe. Canned peaches are f****** amazing regardless though. They're so soft and smooth. I love it for some reason.
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No_Bluejay9901 1 day ago +33
Ever just drink the syrup , ice cold from the can? Diabetic blisssss......
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Shtapiq 1 day ago +57
Or in crêpes Suzette
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mastahslayah 1 day ago +5
Oh I love the crêpes Suzette
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Evil_Superman 1 day ago +35
Or with cottage cheese.
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Radioactive_Kitten 1 day ago +40
Peaches come from a can, they were put there by a man, in a factory downtown.
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fredkreuger 1 day ago +19
Not anymore apparently.
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Mysterious_Ad9325 1 day ago +11
Millions of peaches peaches for free
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underfern 1 day ago +6
I grew up in the upper midwest and it was always a big deal when the shipments of Colorado peaches would come in. The ones typically in the stores year-round were always terrible, but we'd get multiple crates of the Colorado peaches to can/freeze for the rest of the year. Fresh produce is only as good as your location allows, and some locations don't allow much.
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joepierson123 1 day ago +52
Cheaper and doesn't go bad, always in season.
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BarnesTheNobleman 1 day ago +182
I’m terrible about eating fruit in a reasonable time, canned fruit for me is nice if I want it around but not worry about it going bad super quick
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AuroraFinem 1 day ago +57
Canned/jarred fruits being shelf stable and cheaper than fresh is one of the major draws for lower income people. They’re also often preferred for cooking many things like fruit pie or pastries and can actually have higher nutritional content and flavor than fresh when the fresh is out of season because it typically not really fresh, they’re varieties grown for lasting longer for shipping and get semi-frozen for transit which also pulls nutrients out. They’re generally designed to look better/riper for longer at the expense of flavor/nutrition because appearance sells better. If they’re grown locally or in season then much better though.
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Snarfnugget 1 day ago +97
Umm canned peaches are the shit sir.
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Ok-Blood4340 1 day ago +37
After moving to the country, I ate a lot of peaches. I heard they come from a can put there by a man.
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LittleGreenSoldier 1 day ago +13
In a factory downtown?
13
Atomic0691 1 day ago +36
We eat fresh fruit, but I also have canned pineapple and pears at home for times when I don’t have fresh fruit for the kids, but they still want some. It’s a good option to have, but it’s not an everyday thing for us.
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Yo_Soy_Crunk 1 day ago +41
Ice cold canned pears and peaches are amazing.
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Vegetable_Good6866 1 day ago +32
I take it you're not poor?
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alexefi 1 day ago +20
Making desserts is much better with canned fruits. Its always consistent taste. Its already processed so just oure it and go..
20
gargolito 1 day ago +56
I'm surprised that no one came up with an alternate use like sugar, alcohol, wine, biofuel, animal feed, etc... l
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Plastic_Carpenter930 1 day ago +24
There's probably is, but the retooling would be more expensive than it's worth
24
No-Bother6856 1 day ago +10
That would work, but I suspect there are far more efficient ways to produce those things. You would be building out infrastructure to produce a product someone else is already able to produce cheaper.
10
OpportunityDue90 1 day ago +33
You mean like growing and subsidizing more corn than we can use in the us? Just wasting money and land?
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Breedable_Boy44 1 day ago +15
Bro, we are constantly on the brink of drought cause of old water right laws being exploited by the farming elite. To put it into perspective, 99% of all pistachios in the US are grown in California, and that's 60% of global pistachios. This is just one of many cash crop grown in Cali.
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TGans 1 day ago +14
Crisis of overproduction
14
dragosn1989 1 day ago +170
Nothing really wrong: old “maximize short-term profits” strategy aimed at pleasing the ever margin-hungry global market. It’s just difficult to see the “trickle up” effect sometimes.
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super_dog17 1 day ago +23
No “trickle up” happening. It’s the “economy of scale” (i.e. “factory farming” nowadays) *Grapes of Wrath* discussed, just in a more permanent context. Instead of burning the peaches for this season, farmers will replace the trees with Almonds or whatever makes them the most money for their land/labor - not necessarily good for the market or the consumers but good for the farmers and food distributors. Neither of whom should keep making the incredibly short-sighted decisions they continually make….
23
Vepper 1 day ago +14
**The 2014 Acquisition.** On [February 18, 2014, Del Monte Pacific Limited](https://www.businesswire.com/news/home/20140218006965/en/Del-Monte-Pacific-Limited-Completes-Purchase-Del)—a food and beverage conglomerate dual-listed on the Singapore Exchange and Philippine Stock Exchange—closed its acquisition of Del Monte Foods' Consumer Products business for $1.675 billion. The deal included the Del Monte, Contadina, College Inn, and S&W brands, along with manufacturing facilities and distribution infrastructure. At the time of acquisition, the portfolio held the [number one position in branded canned fruits and vegetables](https://www.businesswire.com/news/home/20140218006965/en/Del-Monte-Pacific-Limited-Completes-Purchase-Del) and the number two position in canned tomatoes and broths. The acquisition was funded through approximately $745 million in equity plus $930 million in long-term financing arranged by Citibank and Morgan Stanley. The [transaction left Del Monte with $1.245 billion in secured debt](https://www.ainvest.com/news/del-monte-bankruptcy-watershed-moment-canned-food-industry-2507/), and industry reporting estimates annual interest payments increased from $66 million in fiscal year 2020 to $125 million by fiscal year 2025.
14
mbbysky 1 day ago +151
"I feel like there's something wrong..." Yes. The food industry prioritizes (ever increasing) profits over people. That's why they put so much sugar and salt and oil in our foods: They want us to eat more next quarter than we did this quarter. This is a much bigger issue than any specific ingredient, and I'd bet money that the influencers peddling fear of "chemicals" and seed oils and red 40 and etc are indirectly paid by these food conglomerates (*cough* Nestle *cough*) to distract from the REAL systemic issues. The problem is greed. Always has been.
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same_as_always 1 day ago +69
Man I miss the days of them putting more salt, oil, and sugar in our foods, nowadays it’s turning into just putting less in the box/bag while keeping the same size packaging. 
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PMMEYOURGUCCIFLOPS 1 day ago +27
And an even higher price
27
commie_commis 1 day ago +18
Those days are still going on, they are just doing it while also shrinking their sizes. That's why all these snack/candy/cereal/beverage companies are constantly coming out with new flavors and products that are sugary and salty as hell. "New packaging, same great taste" is usually shrinkflation or enshitification, but the "now even cheesier/now with even more flavor!" tag means "we reformulated our product to be even more addicting"
18
fallingdowndizzyvr 1 day ago +16
> That's why they put so much sugar and salt and oil in our foods: They do that because that's what people want. Remember a few years back there was a healthy food craze. There were healthy versions of say soup with less salt. No one bought it. Because that's not what people want. So they are only selling want people want. Since no one was willing to buy the healthy stuff.
16
Samuel7899 1 day ago +33
Not just the food industry, nearly every industry has slowly and steadily been shifting from "provide goods and/or services for a fair price" to "extract as much money as possible from the customer with as minimal investment in 'goods or services' as the law allows*". The core function of every industry is changing.
33
i-was-way- 1 day ago +47
Seems like another company set up to can peaches should try to save them, or private growers. Pie and cobbler fillings, jam, winter stores, etc. I get commercial transport isn’t viable, but this is a f****** tragedy waste of food in a time where costs are out of control.
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RandyOfTheRedwoods 1 day ago +52
Another company did buy the facility. They are just going to produce about 1/3 of the volume, which is more in line with what consumer demand is.
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aesirmazer 1 day ago +21
Sounds like an excellent time to make peach brandy. I've heard that there is a giant distillery set up for brandy sitting in the middle of California and it's producing anything.
21
Soberdonkey69 1 day ago +145
It’s sad reading this, because here in UK I’ve noticed that the tinned fruit section in the aisles has a smaller footprint now. I enjoy eating tinned fruit and at times it’s been a cheaper and tasty alternative to fresh fruit. Hit me with those pineapple slices!!!
145
WarAdventurous5277 1 day ago +55
I’m allergic to most raw fruit so canned peaches, canned pineapples etc are the only peaches etc  I can eat UNLESS in a dessert or I cook myself. This is pretty shit. 
55
throwawaypassingby01 1 day ago +10
how does this allergy work? what compound triggers you?
10
-nutz 1 day ago +29
Many fruits contain the enzyme bromelian, which can break down protein. Some peoples immune systems have a negative reaction to this causing irritation, soreness, and even a burning sensation in the mouth. Fruits like mango, guava, and even banana contain traces of this enzyme. That’s why you may know somebody who thinks those fruits are spicy!
29
righthandpulltrigger 1 day ago +10
The peach allergy is something else, actually! It's called oral allergy syndrome, and it's related to birch pollen allergies. The list of affected foods is huge, including all stone fruit, apples, pears, almonds, carrots.... Citrus fruit and tropical fruits like the ones you mentioned are fine, though. Other than kiwi.
10
Allen_Koholic 1 day ago +8196
How the f*** did Del Monte go out of business? [On March 8, 2011, the company announced it had been acquired by an investor group](https://en.wikipedia.org/wiki/Del_Monte_Foods) Oh, of course. Private f****** equity.
8196
RedlyrsRevenge 1 day ago +2808
There it is. The Grim Reaper of businesses.
2808
HelloThereCallMeRoy 1 day ago +974
Absolutely. I worked for a tech company (CBTS) from 2015-2022. They were acquired by a PE shithole in 2020. Within 2 years they shipped more than half the roles overseas, stripped employees of benefits such as paid parking for our downtown office, stopped issuing or paying for employee cell phones but still wanted you to install mobile iron on your personal (lol, no), and switched to much worse health insurance. That was all within the 2 years I tolerated. They let go of my team's leadership and rolled us up to another department that did completely different work and I was out. I gave no notice and left within an hour of that change going live. Came to work that day, had coffee, contemplated for a bit at my desk, and left. They are still around today but has lost all respect in the Cincinnati area and are trying to branch out nationwide but failing. I give them a couple years before they shut the doors. All thanks to PE wringing a great company for every penny. It breaks my heart because I loved working there and the work I did.
974
willard_saf 1 day ago +316
I'm an electrician and they are buying large electrical contractors left and right and I assume other parts of the construction field. Worked for a company a few years ago that the owner sold 49% to a private equity firm and now half the C suite has absolutely zero experience in this field at all and are driveing the company into the ground.
316
PiccoloAwkward465 1 day ago +193
I'm on the preconstruction side of electrical. It is hilarious to see these PE guys in meetings where we're discussing technical stuff and they are just dead silent. All they wanna talk about is cashflow and profit margins.
193
willard_saf 1 day ago +138
I'm halfway convinced it's a way to bust unions since it's happening a lot with union contractors.
138
otterpop21 1 day ago +47
It’s a way to “make money” All these absolute ignoramuses are doing is: • have ton of money • watch YouTube business bro on how to make more money with money • try to repeat by “getting out there” • ???? • profit That’s the plan. Beyond that they have no f****** clue. And well over half the time their biggest quality they bring to the table: running a company into the ground because they know f*** all about business lol Edit: silver linings tho they’re creating a lot of chaos and necessary space in certain industries for new smaller companies to gain market share.
47
meepswag35 1 day ago +8
I mean private equity has one goal: make as much money as possible very quickly at any cost. They buy a business, squeeze as much money out as they can and then leave it to rot.
8
Skandronon 1 day ago +66
I was in a technical meeting and at the end they asked if anyone had any questions. I asked if there would be someone technical at the next technical meeting.
66
noma_coma 1 day ago +44
Insurance too. Multi-generation family owned Indy agencies are getting scooped up left and right by private equity. Sad to see when the 2nd or 3rd gen owners come in and just sell out. Eliminating the whole company ethos and mantra overnight, laying off tenured employees that have been there for decades, and riding off into the sunset while the hourly workers are left trying to sift through the peices and realize what the f*** just happened.
44
Knuckledraggr 1 day ago +25
Yes, HVAC companies are dropping like flies around my area. Private equity snaps them up, lays off people, cranks prices to the moon. It’s going to start costing people their lives when grandma can’t afford 10k to repair what a 5k problem used to cost.
25
Up_All_Nite 1 day ago +22
It's Happening in the Fire Protection industry also. The consolidation is frightening. How this is not considered a Monopoly is bananas. 1 company now owns more than 60% of the industry.
22
blackbeavis 1 day ago +7
All of the electricians in RVA are selling to PE right and left. If my guy Jerry sells I’ll just teach myself I guess.
7
Kriztauf 1 day ago +12
But I don't understand, the share holder value has finally be maximized. What could possible be the problem when the shareholders have been compensated?
12
craptain_poopy 1 day ago +17
That happened to the printing company I worked at in Cincinnati too. It became shittier and shittier then they sold us off to a different printing company. We're now locally owned but it's somehow worse than before.
17
CyberFireball25 1 day ago +6
Is there any legitimate counter to a PE take over?  It seems inevitable on pretty much every single industry 
6
FatTater420 1 day ago +18
I sometimes wonder how the hell are those firms still running with how many companies they have sucked dry, then I remember the mongols also lasted an awful while.
18
Annual-Reason2970 1 day ago +94
same goals as the cheetto admin.
94
wip30ut 1 day ago +360
they've been owned by one of the progenitors of PE/hedge funds KK&R going back to the 1980's! They haven't been family owned in many many decades. The hard truth is all their subsidiaries that make any money have been spun off & sold over the many years, so that growing/canning & processing is all they have left, which just isn't very profitable. Big ag depends on international trade & in the past 20 yrs Mexico & Latin America have really stepped up their game. They're able to grow new varieties of stone fruit in tropical conditions & export them around the world. Given their low labor costs it's hard for American farmers to compete. Most of the blueberries in my supermarket are from freakin Mexico & Peru nowadays! That's pretty insane.
360
pompousrompus 1 day ago +124
“American farmers” don’t really exist anymore insofar as a mom and pop operation. And the ones that do employ Mexicans anyway for under the table pay.
124
toorigged2fail 1 day ago +16
They are out, but in the modern world it's hard to define what "small" farmer really means (USDA currently says GFCI under $350k). In 1790 almost 90% of the US workforce was engaged in agriculture. Today it's 1-2%. But they will be being overepresented in political ads.
16
obliviousofobvious 1 day ago +70
Private Equity...IE Financial Cancer. If Coporations are people, PE is a terminal illness.
70
Wloak 1 day ago +273
If you read the article it was due to over investment. They expanded and were massively overproducing driving the price down causing them to struggle to continue operating the canneries. The farmers are going to get aid to remove trees and plant other things while Del Monte will continue operating after debt consolidation.
273
Ohiolongboard 1 day ago +216
But why where they expanding at that rate? Could it be the investment group, trying to make more money, bit off more than they could chew?
216
Wloak 1 day ago +129
Seems to be a mix of things. They're really just a canning company that buys produce from farmers so there's a few reasons it seems. They expanded reasonably but with inflation people shifted to buying store brand, the cost of tin went up from the trade wars, and other countries placed their own tariffs on produce imported from the US.
129
mortgagepants 1 day ago +67
> with inflation people shifted to buying store brand, the cost of tin went up from the trade wars, and other countries placed their own tariffs on produce imported from the US. damn crazy how stuff like this just randomly happens out of the blue.
67
[deleted] 1 day ago +39
[removed]
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Ohiolongboard 1 day ago +12
Thank you for this answer
12
GabeIsGone 1 day ago +84
That’s exactly what happened. Privatize the profits, socialize the losses. Pretend it’s all free market capitalism and that socialism is evil while we live and have always lived in a hybrid capitalist/socialist economy.
84
TD12-MK1 1 day ago +16
It’s their business model. Canned food is out of fashion for anyone that’s not poor. Poor people can’t pay high prices and costs are increasing. Hence….terrible margins.
16
Cananbaum 1 day ago +98
Private equity should be illegal
98
CaptainMarv3l 1 day ago +72
Private Equity is a blight on America. Taking homes, food, vets, and so much more.
72
y2kbaby2 1 day ago +36
I don’t love PE as much as the next guy but 15 years is a long time. It could very much be changes in consumer preferences
36
SAugsburger 1 day ago +14
As much as I think PE may be a factor here in the company's issues if it were mere mismanagement there would be somebody eager to buy the canneries to continue canning the peaches for farmers in that local market.
14
a_side_of_fries 1 day ago +5
Somebody did buy the cannery, but they don't want as many peaches as Del Monte did.
5
BooBeeAttack 1 day ago +978
I have a feeling we may regret not maintaining the canned food infrastructure. we are lucky to be able to do fresh fruit and veggies now more often, but not having a stockpile and long term canned food solution may end up hurting us in the future should we need canned supplies.
978
RhysA 1 day ago +221
They are (someone bought the factory), they just can't justify the same scale of production.
221
Keefe-Studio 23 hr ago +31
My favorite memory of opening a can of Del Monte canned peaches was on a road trip when my muffler fell off. I opened the peaches, ate them, and then used the can to join the corroded muffler pipe back together, and I was able to make it to Pittsburg. It impressed my girlfriend so much at the time I think it’s a major reason she married me.
31
rational-hare 1 day ago +86
This was my thought as well. Canned products are necessary when fresh supplies are constrained.
86
bugabooandtwo 1 day ago +36
Climate change, losing a year or two of crops, wars,.......so many things that could happen that makes canned food so valuable.
36
Suchgallbladder 1 day ago +1007
“Ah, Del Monte. Enjoy them, old man. They will be your last."
1007
UCLA_FB_SUCKS 1 day ago +52
Simpsons’ depiction of Latin America and Spanish will always make me laugh
52
buglz 1 day ago +83
How did someone beat me to this by two whole hours 
83
Spirit_of_Hogwash 1 day ago +24
This is the most prestigious award that Del Monte gives.
24
Sit_Ubu_Sit-Good_Dog 1 day ago +953
Peaches come from a can
953
Krid_M 1 day ago +468
They were put there by a man
468
fordfan919 1 day ago +320
In a factory downtown
320
papakulikov 1 day ago +196
If I had my little way
196
Nervous_Squirrel_ 1 day ago +65
But the factory shut down
65
A1MurderSauce 1 day ago +16
In a factory downtown.
16
talligan 1 day ago +31
I recently rediscovered my high school winamp folder in like a 5x nested backup folder and I've been humming that song ever since 
31
thetruckerdave 1 day ago +16
My teenager f****** loves this song. We sing it literally any time someone says peaches.
16
mschuster91 1 day ago +363
It makes for a good headline, but reality is a bit more nuanced. For one, peaches need **a lot** of water ([source](https://fieldreport.caes.uga.edu/publications/C879/cultural-management-of-the-bearing-peach-orchard/)). Especially in a dry climate such as California, the more plantations of stuff needing a lot of water get torn up and replaced with crops that need less water, the better. The other thing is, peach trees are short lived - only up to 20 years, and that's already stretching it, especially for commercial production. Yes, this still is a massive impact on farmers, I will not deny this - but it is nowhere near as bad as, say, wineyards where the bushes can get > 100 years old.
363
a_side_of_fries 1 day ago +63
In vineyards the vines can reach 100+ years, however very few get a chance to reach that ripe old age. Vines are routinely torn out at a much younger age. Older vines don't produce much fruit, and disease also takes its toll.
63
NamasteInYourLane 1 day ago +102
>peaches need a lot of water. Especially in a dry climate such as California A million percent!   Now do almonds  (waits expectantly. . .) 
102
mschuster91 1 day ago +72
I'd thought the biggest water waste in California was alfalfa to be fed to Saudi cattle?
72
SEA_tide 1 day ago +36
That's in Arizona.
36
a_side_of_fries 1 day ago +23
Also California.
23
NamasteInYourLane 1 day ago +36
I want it ALL to be replaced with crops better suited to grow in the specific environment they're planted in.  I think we're actually on the same (idealistic, not *realistic* in a late-stage capitalistic society) page, here. One can dream though, right?
36
theottomaddox 1 day ago +10
So in a well run orchard, would they be replanting 5 or 10% of the trees each year? Or pivot when the orchard ages out?
10
mschuster91 1 day ago +18
>So in a well run orchard, would they be replanting 5 or 10% of the trees each year? Yeah, depends on how they're managed, new trees take time to grow until they bear fruit the first time, the soil needs time between grows to recover as well (nutrient imbalances). I've seen unsubstantiated claims on Twitter and Youtube that for some farms the ratio of "unproductive" trees at any given time might go as far as 1/3rd because they cycle faster - more work but less trees at the tail end of their productivity lifecycle.
18
LuckyBobHoboJoe 1 day ago +807
The works of the roots of the vines, of the trees, must be destroyed to keep up the price, and this is the saddest, bitterest thing of all. Carloads of oranges dumped on the ground. The people came for miles to take the fruit, but this could not be. How would they buy oranges at twenty cents a dozen if they could drive out and pick them up? And men with hoses squirt kerosene on the oranges, and they are angry at the crime, angry at the people who have come to take the fruit. A million people hungry, needing the fruit- and kerosene sprayed over the golden mountains. And the smell of rot fills the country. Burn coffee for fuel in the ships. Burn corn to keep warm, it makes a hot fire. Dump potatoes in the rivers and place guards along the banks to keep the hungry people from fishing them out. Slaughter the pigs and bury them, and let the putrescence drip down into the earth. There is a crime here that goes beyond denunciation. There is a sorrow here that weeping cannot symbolize. There is a failure here that topples all our success. The fertile earth, the straight tree rows, the sturdy trunks, and the ripe fruit. And children dying of pellagra must die because a profit cannot be taken from an orange. And coroners must fill in the certificate- died of malnutrition- because the food must rot, must be forced to rot. The people come with nets to fish for potatoes in the river, and the guards hold them back; they come in rattling cars to get the dumped oranges, but the kerosene is sprayed. And they stand still and watch the potatoes float by, listen to the screaming pigs being killed in a ditch and covered with quick-lime, watch the mountains of oranges slop down to a putrefying ooze; and in the eyes of the people there is the failure; and in the eyes of the hungry there is a growing wrath. In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage. John Steinbeck, The Grapes of Wrath
807
chotchss 1 day ago +205
I’m reading this book now but I can only do so in short bursts because of how angry I get
205
allllusernamestaken 1 day ago +28
it's such a prescient book. The chapter on used car salesmen is as accurate today as it was 90 years ago.
28
motherofdinos_ 1 day ago +10
I read it this past winter during the height of the ICE roundups. I’d get on Facebook those days and see people saying the exact same bad things about today’s immigrants as what was said about Okies. The parallels were all there. It almost instantly became one of my favorite books, I don’t think I’ll ever stop thinking about it.
10
APGOV77 1 day ago +131
“There is a failure here that topples all our success” Very poignant. Could have been written today.
131
ReverendDizzle 1 day ago +23
You know… people share those “when were you radicalized” or “what radicalized you” memes. And when they do I always think about how being a young teacher in an “inner city” school completely changed my world view. But I read Grapes of Wrath as a child. And in rereading this passage nearly forty years later I can’t help but think Steinbeck clearly planted the seed.
23
Possible_Top2783 1 day ago +41
John Steinbeck must have hoped things would change for the better. And maybe for awhile it did in many places. Starvation rates were declining. But it didn't last.
41
Prometheusly 1 day ago +20
I can feel this voice. Adding to reading list!
20
Cheap-Ad5903 1 day ago +5
It’s a wonderful book - one of the very best of American literature. It is enraging to read but beautifully written.
5
StretchFrenchTerry 1 day ago +6
You should put the date this was published, April 14, 1939. We haven't learned a damn thing in almost 100 years.
6
Titronnica 1 day ago +30
Was hoping to see this here.
30
msnmck 1 day ago +95
I've been exclusively eating Del Monte brand peaches and mandarin oranges in juice because the other brands don't taste right. This sucks.
95
DakotaReddit2 1 day ago +18
I heard this was gonna happen and I also only eat their mandarin oranges. I stocked up on as many jars of their oranges as I could. I only have 4 left. I hope I at least can find a few more. I've tried 8 different brands and not a single one tastes good compared to Del Monte.
18
Vepper 1 day ago +21
Del Monte Foods Corporation II Inc., a 139-year-old producer of canned fruits and vegetables, [filed for chapter 11 bankruptcy protection](https://www.prnewswire.com/news-releases/del-monte-foods-announces-strategic-action-to-strengthen-financial-position-and-pursue-a-value-maximizing-sale-302496385.html) on July 1, 2025. The filing follows the company's 2014 acquisition and comes amid reporting on consumer shifts away from shelf-stable processed foods. With more than [$1 billion in liabilities](https://tanktransport.com/2025/08/del-monte-foods-chapter-11/) and between 10,000 and 25,000 creditors, Del Monte is pursuing a court-supervised 363 sale backed by $912.5 million in [debtor-in-possession financing](https://elevenflo.com/documents/1933337/), with its prepetition lenders positioned as the stalking horse bidder through a credit bid. **The 2014 Acquisition.** On [February 18, 2014, Del Monte Pacific Limited](https://www.businesswire.com/news/home/20140218006965/en/Del-Monte-Pacific-Limited-Completes-Purchase-Del)—a food and beverage conglomerate dual-listed on the Singapore Exchange and Philippine Stock Exchange—closed its acquisition of Del Monte Foods' Consumer Products business for $1.675 billion. The deal included the Del Monte, Contadina, College Inn, and S&W brands, along with manufacturing facilities and distribution infrastructure. At the time of acquisition, the portfolio held the [number one position in branded canned fruits and vegetables](https://www.businesswire.com/news/home/20140218006965/en/Del-Monte-Pacific-Limited-Completes-Purchase-Del) and the number two position in canned tomatoes and broths. The acquisition was funded through approximately $745 million in equity plus $930 million in long-term financing arranged by Citibank and Morgan Stanley. The [transaction left Del Monte with $1.245 billion in secured debt](https://www.ainvest.com/news/del-monte-bankruptcy-watershed-moment-canned-food-industry-2507/), and industry reporting estimates annual interest payments increased from $66 million in fiscal year 2020 to $125 million by fiscal year 2025.
21
JcbAzPx 1 day ago +17
>consumer shifts away from shelf-stable processed foods This did not kill the company. >The acquisition was funded through approximately $745 million in equity plus $930 million in long-term financing arranged by Citibank and Morgan Stanley. The transaction left Del Monte with $1.245 billion in secured debt, and industry reporting estimates annual interest payments increased from $66 million in fiscal year 2020 to $125 million by fiscal year 2025. This did.
17
TheFutureIsAFriend 1 day ago +14
I think the shock value is being missed here. Imagine being a farm owner, then suddenly your 20 year contract, your security financially, is worthless, and you have no recourse either. You can't pay your workers, and have to foot the cost of destroying a crop you consistently maintained for decades. It's like the floor falling out from under you.
14
TheSchlaf 1 day ago +12
Call MTG. She can use some peach tree dishes and relocate them to Georgia.
12
ItsRaampagee 1 day ago +374
Or you could just give all people that want peaches, free peaches!
374
palesilver 1 day ago +352
Millions of peaches. Peaches for me.
352
huck500 1 day ago +160
Millions of peaches. Peaches for free.
160
Jo_S_e 1 day ago +13
Little dune buggy
13
lmdrunk 1 day ago +9
Naked and famous
9
Simpicity 1 day ago +92
No, you see...  Peaches come from a can,  They were put there by a man  In a factory downtown. But that factory's Del Monte, They went bankrupt the other day, Sun soaking bulges' now forbade...
92
Boollish 1 day ago +40
Canning peaches are not bred to be the same as eating peaches.  That's not even touching the problem of actually distribution millions of tons of peaches.  This reminds me of people suggesting a solution to the bourbon glut. "Har har har just send me down to Kentucky and I'll fix the problem" as if Joe Beer Gut could put a dent in the distribution pipeline. There are literally so many peaches that we don't know what to do with them. Once you factor in storage and transport, there isn't anyone who will even take them for cash.
40
SGTWhiteKY 1 day ago +16
Not that type of peaches.
16
spectacular_coitus 1 day ago +100
They're destroying the trees, not the peaches. So they can grow crops that will have a market to sell to. They managed to sell 1/3 of their crop, but there were no buyers for the rest. If the people who want free peaches want to go and pick them, transport them and package them, I'm sure the farmers would be happy to let them have as many as they wanted to carry away. But nobody is going to do that for free.
100
lostkavi 1 day ago +9
Nobody would want to eat these peaches, they're foul fresh.
9
Prometheusly 1 day ago +38
What other crop are they going to grow?
38
whiskerfish66 1 day ago +36
Corn or soybeans for animal feed or ethanol probably.
36
RedlyrsRevenge 1 day ago +48
We don't grow soy beans out here. Odds are it will be converted to almonds if they replant trees or it will end up being alfalfa or corn for cow feed.
48
Beginning_Opinion618 1 day ago +24
Alfalfa. For Saudi royals’ race horses. 
24
VideoApprehensive 1 day ago +11
Coincidentally, I just started reading epitaph for a peach, about a small peach farmer trying to adapt an old variety of peach, suncrest, to new markets. Theres a huge amount of pressure to only grow varieties that store the longest, and have the best color, even at the cost of taste. Pretty good read.
11
Reversion603 1 day ago +8
I buy these more than regular peaches. Shame.
8
TheBassEngineer 1 day ago +8
Private equity fired the man in a factory downtown to save a buck. The Presidents of the United States of America have left the chat.
8
beendall 1 day ago +51
It amazes me how much fruit California produces, yet we pay the same, sometimes more for fruit. Even when get it at the farm/orchard itself. As for nuts, this one especially pisses me off. CA produces 75%+ of the WORLDS almonds and walnuts, and of pistachios in USA, yet we pay MORE for them than OHIO!!! Why? It costs less to transport them in the same state, but we pay MORE???!!! I honestly stopped buying as many nuts when I learned it. I’m ok with it. Anyway, that’s my rant regarding CA produce.
51
Boollish 1 day ago +43
People in California have money. People in Ohio have less money. That's all it is.
43
R67H 1 day ago +7
I live in the area on a 20 acre plot that was until recently planted with 20yo walnut trees that provided walnuts to the global market. The walnut market went away, so the trees were replaced. Now I'm surrounded by forage that's grown for local dairies. The land owner had choices. Keep the walnuts and rely on the US market (it's just not there), sell the land to developers (with the jobs disappearing, no one will be buying new houses around here for a bit), tear up 20 years of effort keeping the orchard productive and lease the land to someone else for production of an economically viable crop. He chose the latter. There are A LOT of fallow farms in the area that are being purchased by private equity for a small fraction of their worth just two years ago, and thankfully ours is still in a local family's hands.... for now
7
GantzHunter_Apex 1 day ago +6
My mom used to work at the Del Monte 90s and 2000s in Modesto. We would go up each summer, and she would put un-godly hours of overtime and make a lot of money before going back to Mexico. My dad wasted all her hard work with booze, women and other bad investments. Sad to see them go out of business, she would spoil me with what she could.
6
ThoughtsandThinkers 1 day ago +9
Private equity is capitalism that has turned cancerous Investors demand short term profits that gut a company’s ability to function. Quality drops. Compensation and benefits for employees drop Eventually, the company is pieced out for its parts which are less than the sum of its part
9
Derptionary 1 day ago +24
One of the saddest things I ever watched happen over my lifetime was watching my grandparents house in Yuba City, CA go from being surrounded by seemingly endless peach orchards to watching every last tree get ripped out of the ground to make way for slapped together subdivisions built during the early 2000s housing bubble.
24
tehCharo 1 day ago +7
Grew up in a rural town in California, we had a ton of corn fields, almost all gone, paved over for Starbucks, AMC, and cardboard track housing.
7
theundeadwombat 1 day ago +6
Is there a way to make that into fertilizer?
6
EternalAngst23 1 day ago +5
Millions of peaches Peaches for me Millions of peaches Peaches for free
5
den773 1 day ago +8
The 2030s appear to be coming at us like the 1930s came at my grandparents. The new and improved Great Depression.
8
pomdudes 1 day ago +9
Probably a good thing. Peaches need a lot of water that could be used elsewhere. Lawns, pools, washing Teslas, giant data centers, Nestle, shit like that.
9
InternationalArt6222 23 hr ago +9
Seems like a big hole being punched in our fruit basket - so to speak. I eat canned peaches because they are really badass cans full of delicious peaches. If they are not put there by a man they will not come in a can and since there's no factory downtown I think we should all be a little concerned
9
Semi-Loyal 1 day ago +23
What else is in the teaches of peaches? Huh? What?
23
PlanningForLaziness 1 day ago +19
This is gonna hit the Presidents of the United States of America really hard.
19
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