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Data & Analysis

Agriculture - August 2008

Data Sources on the Web
U.S. Department of Agriculture
U.S. Drought Monitor
 
Excel logo Data
Prices Received by Farmers—Poultry
Prices Received by Farmers-Poultry
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Source: U.S. Department of Agriculture

Excel logo Data
Prices Received by Farmers—Cotton
Prices Received by Farmers-Cotton
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Source: U.S. Department of Agriculture

Excel logo Data
Prices Received by Farmers—Oranges
Prices Received by Farmers-Citrus
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Source: U.S. Department of Agriculture
Data and Analysis

Agriculture

August 2008

Increased precipitation benefited most District growers affected by poor soil moisture levels. The U.S. Drought Monitor ranked most Florida counties as having no drought conditions and only a few areas in north Florida as being abnormally dry or experiencing moderate drought. For the first time in over a year, Lake Okeechobee rose above 11 feet. Georgia drought conditions are still localized in the northeastern counties of the state.

Poultry
Cotton
Citrus

Poultry
Poultry producers are benefiting from more favorable market conditions, higher production, and relatively weaker feed costs than earlier in the year. Production and meat inventories are higher but have had little impact on prices because global demand is strong. For the first half of 2008, poultry exports reached record highs in terms of volume and value. Although shipments to Russia, the region's top export poultry market, are down this year, strong demand from China and Mexico has more than offset the decline.

Cotton
Cotton prices are weakening, with some growers complaining that higher fuel and fertilizer costs are troubling their outlook.

Citrus
Orange prices declined to $5.60 per box in July. However, the price outlook, recently depressed by lower demand and higher inventories, got a boost from estimates showing that this year's Florida crop is expected to be 12 percent smaller than last year's.


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