From the L.A. Times:

Dona Ana County pecan farmers are receiving the highest-ever price for their crop, with the in-shell, per-pound price pushing $3 in New Mexico.

Jim Brueggen, director of the U.S. Department of Agriculture's statistical service in New Mexico, said the previous record was an average price of $2.28 per in-shell pound in 2004.

New Mexico Department of Agriculture pecan marketing specialist James Ditmore said the record prices are resulting from a couple of factors: continued strong demand from China combined with an overall low supply year.

"It's historic level pricing, and it's a wonderful thing for the pecan growers in the state of New Mexico," Ditmore said.

Growers say pecan prices are at highest-ever levels: $3 per pound in New Mexico