Regional Economics Information

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Data & Analysis

Agriculture - September 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

September 2008

Tropical storms during August and September improved soil moisture conditions in most of the District. The U.S. Drought Monitor reported that while wetter conditions benefited northwestern Alabama, extreme drought conditions remained in parts of Georgia and Tennessee. Florida's citrus growers reported excessive precipitation from Tropical Storm Fay but were most concerned with the spread of canker and greening disease. Most contacts noted that rising production costs continue to affect profit margins.

Poultry
Cotton
Citrus

Poultry
Poultry exports remain strong. High global demand in 2008 has been led by large orders from China, Cuba, and South Korea. Through July 2008, poultry exports reached record highs in terms of volume and value because of this 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 declined to $4.70 per box in August, the third consecutive monthly drop. Industry contacts noted that prices are softening because of higher orange juice inventories and weakening consumer demand.


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