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Below you'll find a list of all posts that have been categorized as “Economics”
By Tom Spreen To proclaim that 2022 was a difficult year for the Florida citrus industry would be an understatement. In late January, a short freeze hit much of the commercial citrus-producing area with long-term implications. While its effect on the 2021–22 crop was small, it came as the 2022–23 bloom was about to begin after a warm December. It …
While the Florida citrus industry has seen its fair share of challenges from HLB and recent hurricanes, the industry still swings a big stick according to research conducted by the University of Florida Institute of Food and Agricultural Sciences (UF/IFAS). The study, The 2020-21 Economic Contributions of the Florida Citrus Industry, was released in February. Christa Court, UF/IFAS economist and …
The U.S. Department of Agriculture (USDA) projects American citrus production will decline from 11.2 billion pounds in 2022 to 9.8 billion pounds in 2032. The 10-year outlook for citrus is part of the lengthy USDA Agricultural Projections to 2032 report. The report was issued in February by the chief economist’s office at the USDA. According to the report, total citrus …
By Julio Cruz, João-Pedro Ferreira and Christa Court Many Florida citrus growers are under stress due to disease and extreme weather events. Citrus growers often request financial or other types of support from local, state and federal governments due to such situations. Understanding and communicating how the citrus industry supports economic activity throughout the state, even outside of the industry …
By Marisa L. Zansler The Florida citrus industry has endured many challenges throughout its storied history, but never more so than over the past 18 years. During this time, the devastating impact of HLB has become more apparent and entrenched as the root cause of declines in the production of oranges, grapefruit and specialty citrus. HLB, combined with recent weather-related …
Despite challenges from diseases, land development trends and extreme weather, Florida’s citrus industry contributed $6.935 billion to the state’s economy in 2020–21. That’s a conclusion in a recent University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) report, 2020–2021 Economic Contributions of the Florida Citrus Industry. The report estimated the economic contributions for the most recent citrus marketing season …
High yields of HLB-free fruit can hypothetically be sustainably produced in citrus under protective screen (CUPS), Arnold Schumann said at a Dec. 14 field day at the Citrus Research and Education Center (CREC). He backed that up with data showing high yields from Ray Ruby grapefruit planted at high densities and fertigated in CUPS. Trees in his CUPS facility are …
By Thomas H. Spreen The timing of Hurricane Ian is not unlike that of Hurricane Irma in September of 2017 in that it struck before the U.S. Department of Agriculture (USDA) crop forecast was released in October, but after the data collection process was already completed for the forecast. Therefore, the USDA forecast will not take Hurricane Ian’s impacts into …
Nicole, which came ashore as a hurricane on Nov. 10 before weakening to a tropical storm, impacted much of the same Florida land area that Hurricane Ian damaged in late September. Christa Court, director of the University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) Economic Impact Analysis Program, says due to that overlap, the data her team references …
Total Florida citrus crop and tree losses from Hurricane Ian are estimated to be from $417 million to $675 million by the Florida Department of Agriculture and Consumer Services (FDACS). FDACS’ Hurricane Ian’s Preliminary Estimates of Damage to Florida Agriculture report echoed a University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) preliminary assessment of $147 million to $304 …
Florida citrus likely suffered production losses ranging from $147 million to $304 million due to Hurricane Ian, according to the University of Florida Institute of Food and Agricultural Sciences (UF/IFAS). The preliminary assessment was issued Oct. 17 by the UF/IFAS Food and Resource Economics Department. “This estimate only accounts for production losses, or changes in expected revenues for the current …
By Marisa L. Zansler and Lijun (Angelia) Chen Throughout 2022, consumer demand for goods and services remained strong despite the highest rate of inflation in 40 years. Many Americans resumed leisure travel and purchased luxury items, such as new cars. Movement of Florida citrus products remained near 2019 levels. Consumers were spending vigorously at grocery stores even as prices increased. …
At 200 boxes per acre, cover crops can be profitable in Valencia orange production, according to a Citrus & Specialty Crop Expo presentation. Tara Wade and Shourish Chakravarty prepared the presentation. Wade is an assistant professor, and Chakravarty is a post-doctoral associate, both at the University of Florida Institute of Food and Agricultural Sciences Southwest Florida Research and Education Center. …
By Thomas H. Spreen As many of you know, I have been part-owner of a small citrus grove company in Florida. My long-time partner was Bob Behr, CEO of Florida’s Natural. He was a student in the first class I taught at the University of Florida in the spring of 1977. He and I made our first grove purchase in …
Although researchers cited numerous advantages of cover crops during a virtual seminar on June 23, it likely will take more time to determine if they are economically worthwhile. Near the end of the seminar, economists showed a slide stating, “Cover crops could be an economically feasible practice in citrus production.” But an audience member seemed to question that statement by …
Florida Department of Citrus (FDOC) economist Marisa Zansler discussed orange juice (OJ) volume movement and the potential impacts inflation may have on the category at the May 18 Florida Citrus Commission meeting. She also addressed the importance of ongoing marketing activities to support sales even as supply constraints continue. Inflation is persistently up across all goods, with shelter, food, airline …
Jerry Parrish, an economist with Florida State University, returned to speak at the annual Lay of the Land Conference last month in Lakeland, Florida. Parrish is always a popular speaker for his big-picture economic outlook and engaging style. He is not a dull economist. Parrish said the major themes to watch for in 2022 are the Federal Reserve interest rates; …
It was a good time to be in the real estate business in Florida in 2021. That was a common theme coming out of the annual Lay of the Land Conference held in Lakeland, Florida, in April. The conference is hosted by SVN | Saunders Ralston Dantzler Real Estate. Some real estate sectors have moved through the COVID-19 pandemic better …
The Florida real estate market is on fire. That was the take-home message of the Lay of the Land Conference held in Lakeland, Florida, on April 19–20. The conference, now in its 17th year, is hosted by SVN | Saunders Ralston Dantzler Real Estate. Attendees got a deep dive into how the U.S. and Florida economies are faring and received …
By Thomas H. Spreen Citrus under protective screen (CUPS) is a relatively new technology being adopted to help spur expansion of fresh citrus production in Florida. Large screen houses (approximately 10 acres) are constructed. In the current arrangement, several screen houses are located together to facilitate caretaking and harvest. Trees are planted at high densities (more than 300 trees per …
