Peach leaf curl, caused by the fungus Taphrina deformans, leads to distinctive leaf distortion and a significant economic impact, costing the U.S. $2.5 to $3 million annually. Symptoms include twisted, crimson leaves and potential fruit development issues, with the fungus requiring specific cool, wet conditions for infection. Control measures primarily involve proactive fungicide application and preventing winter rain from wetting buds before they burst.