Regional Economics Information

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Data & Analysis

Agriculture - October 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

October 2008

Soil moisture conditions in the District improved following much-needed rains. The U.S. Drought Monitor reported that while wetter conditions benefited most District areas, extreme drought conditions remained in parts of Georgia and Tennessee. Florida's citrus growers reported excessive precipitation from Tropical Storm Fay, and most growers expressed continued concern over the spread of canker and greening disease. The majority of contacts noted that rising production costs continue to affect profit margins.

Poultry
Cotton
Citrus

Poultry
District poultry exports remained strong. High global demand in 2008 has been led by large orders from China, Cuba, and South Korea. Through August 2008, poultry exports reached record highs in terms of volume and value because of strong international demand. However, production levels are moderating because of weaker domestic demand.

Cotton
Despite the smallest cotton crop in 25 years, growers face a weakening price outlook that will not be enough to cover higher production costs caused by decreased global demand from China, India, and Pakistan.

Citrus
Orange prices increased to $5.70 per box in September but remained down from a year earlier. Industry contacts noted that prices are softening because of higher orange juice inventories and weakening consumer demand.


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