There's a good chance of that, yes! Farmers tend to be very good at getting every bit of value out of things. I live in the Sierras, uphill from many of these peach trees. Near the peach trees are lots and lots of almond trees. Almond trees are rotated (removed and replaced with young trees) every couple of decades or so, so 3-5% are taken out every year.

A lot of the removed almond tree wood is sold to people like me up in the Sierras where we heat with it in the winter. Almond has significantly more energy per unit of volume that most other species of trees in our area. I don't like the smell of burning almond wood. I bet peach wood smells a lot better, but it would take a lot more space to store the same energy.