Regional Economics Information

Email
Print Friendly
A A A

Data & Analysis

Agriculture - July 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
Enlarge
Source: U.S. Department of Agriculture

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

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

Agriculture

July 2008

Scattered rains in June have not been enough to improve drought conditions in parts of Florida and Georgia. The U.S. Drought Monitor ranked several southern Florida counties as having severe drought conditions. According to a University of Georgia report, Georgia’s extreme drought has spread into most of the northeastern counties, and many rivers there are near record low flows.

Market conditions for local poultry and cotton remained favorable, led by strong global demand. However, competition for available containers and shipping space has created logistical problems for some exporters. For Florida’s citrus growers, eradication of greening disease is the most pressing challenge to their near-term outlook.

Poultry
Cotton
Citrus

Poultry
Despite favorable market conditions, poultry producers are being challenged by the rising cost of feed. Production this year is up from a year earlier, but higher prices for corn and soybean meal could lower future production.

Cotton
Prices received by cotton growers deteriorated in June and July, but the overall outlook is still favorable. According to recent U.S. Department of Agriculture estimates, prices should recover following expected reductions in domestic and global production coupled with higher consumption.

Citrus
Orange prices remain near $7 per box, about $3 below 2007 levels because of higher production and weak consumer demand. Orange and tangerine production forecasts are 31 percent and 20 percent higher, respectively, than the previous crop year, reflecting increasing success against greening disease.


Archives