Regional Economics Information

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Data & Analysis

Agriculture - November 2008

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

Excel logo Data
Prices Received by Farmers—Cotton
Prices Received by Farmers-Cotton
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Source: USDA

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Prices Received by Farmers—Oranges
Prices Received by Farmers-Citrus
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Source: USDA
Data and Analysis

Agriculture

November 2008

District soil moisture conditions improved through mid-November. However, the U.S. Drought Monitor reported that while wetter conditions benefited most District areas, moderate to extreme drought conditions remained in areas of northwest Alabama, northeast Georgia, and Tennessee.

Poultry
Cotton
Citrus

Poultry
District poultry exports remained strong, offsetting weakness in domestic markets. Healthy demand from China, Mexico, and Europe contributed to double-digit gains in poultry exports for District producers; however, slumping restaurant demand and higher feed costs had a negative effect domestically. Producers are moderating near-term production levels with the expectation that domestic consumption will shrink further and exports will decline.

Cotton
Estimates for global demand for cotton have been revised downward because of a slowdown in textile production at home and abroad. Most regional growers reported the smallest cotton crop in several years. High production costs and prices continue to dominate the near-term outlook, and more growers are expected to shift to higher-revenue crops.

Citrus
Orange prices weakened in October as citrus demand continued to fall. Producers face a cost-revenue squeeze led by soft prices and the high cost of eradicating canker and greening diseases. In addition, prices have been negatively affected by higher import volumes and rising inventories.


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