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The Economics of Everyday Things

24. Pistachios

The Economics of Everyday Things

Freakonomics Network

Business

4.81.2K Ratings

🗓️ 6 November 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

How did a little green nut become a billion-dollar product, lauded by celebrities in Super Bowl ads? Zachary Crockett cracks open the story.

Transcript

Click on a timestamp to play from that location

0:00.0

Growing up, Sawyer Clark did not understand the allure of pistachios.

0:13.2

My first memory of pistachios is watching my grandpa crack them

0:16.0

and put the shells into a bowl.

0:17.4

And I couldn't imagine why someone was eating those weird green nuts

0:20.0

with a shell on.

0:20.7

That was hard to get off. But Clark eventually had a change of heart.

0:25.0

Today, he helps run a pistachio farm.

0:28.0

He spends his days thinking about nitrogen levels in soil

0:32.0

and calculating nut yields.

0:34.6

In the fall come, you know, late August, but usually more September,

0:39.4

you keep an eye on the crop and when the nuts start splitting and the holes start peeling back, you shake the trees,

0:45.4

cuts the nuts, bring them to a processor and get them to consumers.

0:48.6

There's a reason for his change of heart.

0:51.3

A few decades ago, there wasn't much of a commercial market for

0:54.5

pistachios in the United States. They could only be found at farmers markets or in

0:59.7

the bulk bins at health food stores. These days it's a different story.

1:04.3

Pistachios are touted by celebrities in Super Bowl ads. They're sold in huge display

1:10.0

cases at major grocery chains and they're now the fastest growing nut product in the country.

1:15.7

In the 1990s the USDA says the US produced about 250 million pounds of pistachios.

1:27.0

This year, the estimate is going to come in bigger than 1.5 billion pounds.

1:31.0

So that's more than 6X in 30 years just within the US.

1:36.9

For the Freak economics radio network this is the economics of everyday things.

...

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