Floridians Worry About Economic Outlook

Jim Rogers Economics, Florida

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; …

An Opportunity for Florida’s Agricultural Landowners

Jim Rogers Economics, Florida, Land

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 …

Let’s Talk About CUPS

Jim Rogers CUPS, Economics, Florida Department of Citrus

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 …

Consequences of Skyrocketing Fertilizer Prices

Jim Rogers Economics, Nutrition

By Ariel Singerman and Stephen H. Futch Chemical input prices have increased significantly over the last year. In particular, the price of fertilizer has roughly doubled during the last 12 months, as denoted by Figure 1. Figure 1. Producer Price Index of Nitrogenous Fertilizer Manufacturing Source: Federal Reserve Bank of St. Louis Supply and demand factors help explain such an …

Grower Associations Object to H-2A Wage Methodology

Tacy Callies Economics, Labor

Florida Citrus Mutual recently published the following statement about comments it submitted regarding the wage rate for temporary foreign H-2A workers: “On January 31, 2022, Florida Citrus Mutual, along with many other agricultural entities nationwide, submitted comments to the United States Department of Labor (USDOL) in reference to the proposed changes to the methodology for the adverse effect wage rate …

Fertilizer Price Spike Highest Since Great Recession

Jim Rogers Economics, Regulation

During January’s Southeast Regional Fruit & Vegetable Conference in Savannah, Georgia, Daniel Tregeagle, an Extension economist with North Carolina State University, gave a presentation on economic and regulatory trends impacting citrus and specialty crop growers. MODEST MARKET GROWTHThe biggest blip on the proverbial economic radar has been COVID-19 and its continuing effects. Tregeagle noted these impacts mostly will be transient, …

Early Performance of Orange Rootstocks in Commercial Settings

Tacy Callies Economics, Rootstocks

By Ariel Singerman, Stephen H. Futch and Brandon Page This article provides estimates on the performance of different rootstocks grafted with Valencia sweet orange scions in commercial field conditions. These are the first estimates obtained from side-by-side trials that compare the performance of rootstocks developed by two breeding programs: The University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) …

Orange Establishment and Production Costs

Len Wilcox California Corner, Economics

The costs of establishing and producing oranges in the San Joaquin Valley and the potential returns are the subjects of a new study by University of California (UC) specialists.  Conducted by UC Agriculture and Natural Resources, UC Cooperative Extension and the UC Davis Department of Agricultural and Resource Economics, the study includes information on the production of navel oranges using …

Florida Break-Even Yields and Prices

Tacy Callies Economics, Tip of the Week

By Ariel Singerman For processed oranges grown in Southwest Florida during 2020–21, the estimated cultural costs were $1,508 per acre. Total costs of production were $1,882 per acre. Those estimates are down $214 per acre compared to the previous season. This is the result of growers reducing costs across all grove programs, except for fungicides and irrigation. Such a cutback …

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Economic Trends, Disaster Analysis Discussed

Ernie Neff Economics

The economic trends of Florida’s citrus industry and how the impacts of a natural disaster are determined were discussed recently by a University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) economist. Christa Court, assistant professor of regional economics and director of the UF/IFAS Economic Impact Analysis Program, said Florida citrus production and yield are trending downward. “But we …

Value of Florida’s Citrus Industry Is Up

Ernie Neff Economics

Despite a decrease in citrus production, the Florida citrus industry contributed more value to the state of Florida in 2019-20 than the previous season. According to a study conducted by the University of Florida Institute of Food and Agricultural Sciences (UF/IFAS), the industry had an economic impact of $6.762 billion to the state and supported more than 33,300 jobs. The …

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FDOC Offers 2020-21 Citrus Season Outlook

Ernie Neff Economics

Florida Department of Citrus (FDOC) economist Marisa Zansler recently broke down the expected utilization of the 57 million boxes of oranges Florida is forecast to produce in the 2020-21 season. She also offered projections for utilization of grapefruit and specialty fruit, and made other economic projections in her outlook for the season. ORANGESAbout 96 percent of the orange crop is …

Growers Sustain Losses

Ernie Neff Economics

Not many watching a recent virtual Citrus Expo presentation were surprised by Ariel Singerman’s declaration that “taking into account total cost, on average, growers sustained a loss” in the 2019-20 Florida citrus season. Singerman, a University of Florida Institute of Food and Agricultural Sciences economist, pegged the average per-acre losses at $1,606 for early-midseason oranges and $1,254 for Valencias. Singerman …

Stefanou to Lead USDA Economic Research Service

Ernie Neff Economics

University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) scientist Spiro Stefanou has been appointed as U.S. Department of Agriculture Economic Research Service (USDA/ERS) administrator. Stefanou was a professor in the UF/IFAS food and resource economics department. The mission of USDA/ERS is to anticipate trends and emerging issues in agriculture, food, the environment and rural America and to conduct high-quality, …

citrus crop forecast

New Economic Reports for Florida Citrus

Tacy Callies Economics

By Ariel Singerman Four reports summarizing Florida citrus industry survey-collected data during the 2019–2020 season are available at https://crec.ifas.ufl.edu/economics/. The reports include the average cost of production for processed oranges, harvesting charges, custom rate (or caretaking) charges and packing charges. The estimates presented in those reports, as well as those available for previous seasons, document the changes in the industry …

Florida Citrus Value Takes a Hit

Tacy Callies Economics

A new U.S. Department of Agriculture (USDA) report shows the value of the Florida citrus crop has substantially shrunk in the past year. The 2019–2020 Citrus Summary report was released by USDA’s National Agriculture Statistics Service on Aug. 26. It shows the $729 million preliminary on-tree value of the 2019–2020 citrus crop is 19 percent less than the $902 million …

New University of Florida Economist in Immokalee

Tacy Callies Economics, Industry News Release

Morgan graduated from the University of Florida three times. She earned a bachelor’s degree in animal sciences and then master’s and doctoral degrees in food and resource economics, all from the University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) College of Agricultural and Life Sciences. Mostly recently, she began her position as associate professor of food and resource …

Juice Imports, Fruit Prices and Production Costs

Ernie Neff Economics

In a recent presentation titled “Juice Imports, Fruit Prices and Cost of Production,” Ariel Singerman provided the price and yield required to break even growing oranges in Southwest Florida. “Average cultural cost of $1,847 requires prices for E&M (early and mid) and Valencias to be $2.31 and $2.01 per pound solids, respectively, just to break even,” the University of Florida …

Florida Citrus Grower Profitability to Decline

Ernie Neff Economics

Although orange juice sales have surged in recent months, the Florida Department of Citrus (FDOC) director of economic and market research expects growers to have reduced profitability this season. Marisa Zansler told the Florida Citrus Commission on May 20 that demand for Florida citrus is expected to be tempered with higher production costs and suppressed grower prices for uncommitted early/mid …