34 publications were found
on Center-for-Agribusiness-and-Economic-Development
- 2023 Ag Snapshots (AP 129-1) Ag Snapshots is a brief focus on Georgia's agricultural industry and are based on the Georgia Farm Gate Value Report from the previous year with helpful infographics and maps. Years prior to 2023 can be accessed on the Agribusiness and Economic Development publications site: https://caed.uga.edu/publications/georgia-agricultural-statistics.html
- 2023 Georgia Ag Forecast (AP 130-1) Each year, UGA's agricultural economists develop a comprehensive overview to help various sectors of the agriculture industry navigate the year ahead. As Georgia's land-grant university, the University of Georgia conducts cutting-edge research on critical and emerging issues that are important to the agriculture industry. From this research, UGA provides the best information and education availabl…
- 2023 Georgia Ag Forecast Series: 2022–2023 Commercial Poultry Outlook (AP 130-1-09) 1. The domestic chicken market is strong with a good supply in the short- to midterm, though highly pathogenic avian influenza (HPAI) continues to loom large in the United States and could be a major impact in 2023. 2. High building costs an increasing interest rates are obstacles to expansion on the live side. 3. Future changes to the contract-grower pay model could be beneficial to growers, b…
- 2023 Georgia Ag Forecast Series: 2023 Beef Cattle Outlook (AP 130-1-07) 1. Severe drought elevated cow slaughter in 2022. With fewer cows to slaughter in 2023, cattle prices are expected to increase. 2. China could become the largest export destination for U.S. beef in 2023. 3. As per capita beef consumption grows, there also will be a growing interest in plant-based alternatives.
- 2023 Georgia Ag Forecast Series: 2023 Corn, Soybean, and Wheat Outlook (AP 130-1-06) 1. The Russia-Ukraine war and Mexico’s plan to ban genetically modified corn from the United States will increase uncertainty regarding corn prices. 2. The United States and the world will continue to have a tight wheat supply in 2023, supporting higher than average wheat prices. 3. The low ending stocks of U.S. soybeans indicate the need for more soybeans. Ending stocks might improve in 2023, lea…
- 2023 Georgia Ag Forecast Series: 2023 Cotton Outlook (AP 130-1-03) 1. Reduction in consumer demand for cotton related products will suppress cotton prices in 2023. 2. U.S. cotton acreage and production likely will decline in 2023 because of lower relative-price expectations with competing crops. 3. The cotton production profit margin likely will be lower in 2023 with high input costs and low cotton prices.
- 2023 Georgia Ag Forecast Series: 2023 Fruits and Tree Nuts Outlook (AP 130-1-04) 1. The three major U.S. peach-producing states experienced a significant fall in production which cumulatively reduced our 2022 production by 15%. Since it is difficult to predict whether the weather and water shortage that contributed to the decrease in production will persist, chances are that the situation may improve in 2023, but not by much. 2. The significantly high price received by…
- 2023 Georgia Ag Forecast Series: 2023 Pork Outlook (AP 130-1-08) 1. 2022 U.S. pork prices continue to increase because of the limited number of slaughter-ready pigs. 2. Good outlook for 2023 as feed prices likely decrease and export demand increases.
- 2023 Georgia Ag Forecast Series: 2023 Vegetables and Pulses Outlook (AP 130-1-05) 1. Although the total U.S. fresh vegetable and harvested area decreased by 7% in 2021 compared to 2020, the harvested area is expected to improve in 2023—but not enough to offset 2021. 2. Total vegetables and pulses imports were $18.6 billion in 2021, an increase of 10.2% compared to 2020. This import trend is expected in 2023 despite the supply chain disruption. 3. Production i…
- 2023 Georgia Ag Forecast Series: Georgia Agritourism, Tourism and Travel 2023 (AP 130-1-13) 1. Visitor spending continues to increase in Georgia’s rural communities. 2. Total economic output for accommodations and food services in Georgia’s rural counties increased 26.7% in 2021 compared to 2020. 3. Visitations to state parks and outdoor recreation areas in rural communities increased 24% in 2021 compared to 2020.
- 2023 Georgia Ag Forecast Series: Green Industry 2023 (AP 130-1-12) 1. 2022 was a good year for many green industry firms, with many firms seeing increased profits. 2. There are many unknowns going into 2023 that will impact green industry sales, including higher inflation and interest rates, mixed signals within the economy, and the impact of varying strength of the housing market in Georgia. 3. Green industry sales in Georgia are projected to be similar to 2022 …
- 2023 Georgia Ag Forecast Series: Honey Bees 2023 (AP 130-1-10) 1. Honey production overall for 2022 was below average for the state. However, in some regions yields of two types of honey, northern wildflower and sourwood, were above average. 2. Colony losses for commercial operations were higher than 2021, with some reporting a 60%–70% loss, and backyard beekeepers in some cases experiencing losses above 80%. 3. Varroa destructor (parasitic mites) remains the…
- 2023 Georgia Ag Forecast Series: Overall Georgia and U.S. Economic Outlook (AP 130-1-01) Each year, UGA's agricultural economists develop a comprehensive overview to help various sectors of the agriculture industry navigate the year ahead. As Georgia's land-grant university, the University of Georgia conducts cutting-edge research on critical and emerging issues that are important to the agriculture industry. From this research, UGA provides the best information and education availabl…
- 2023 Georgia Ag Forecast Series: Peanut Situation and 2023 Outlook (AP 130-1-02) 1. Planted acres are expected to increase in 2023 in the United States and Georgia, a reversal of the 2-year decline in planted acres. 2. Georgia forward contract prices are expected to be down with an estimated season average price of $475 per ton (ranging $450–$500 per ton). 3. Peanut disappearance of the 2022–2023 crop is projected to remain strong at 3 million tons; this is supported by foreca…
- 2023 Georgia Ag Forecast Series: Timber Situation and 2023 Outlook (AP 130-1-11) 1. Inflation remains a persistent challenge. 2. Housing activity is beginning to moderate. 3. U.S. South softwood lumber market share is increasing along with production capacity. Plentiful timber supplies and capital expenditures are positives. Authors of this section are Tyler Reeves and Amanda Lang, Forisk Consulting; and Joe Parsons and Yanshu Li, Harley Langdale Jr. Center for Forest Business…
- 2024 Ag Snapshots (AP 129-2) Ag Snapshots is a brief focus on Georgia's agricultural industry and are based on the Georgia Farm Gate Value Report from the previous year with helpful infographics and maps. Years prior to 2023 can be accessed on the Agribusiness and Economic Development publications site: https://caed.uga.edu/publications/georgia-agricultural-statistics.html
- 2024 Georgia Ag Forecast Series: 2024 Beef Cattle Outlook (AP 130-2-08) 1. The beef cattle outlook is positive in 2024. Tight supplies and stable consumer demand are expected to push cattle prices higher in the year ahead. 2. Risks come from the demand side if U.S. consumers are uninterested or unable to pay for higher-priced beef. Additionally, input cost uncertainty may squeeze margins. 3. Overall, beef cattle prices are expected to move higher year-over-year throug…
- 2024 Georgia Ag Forecast Series: 2024 Corn, Soybean, and Wheat Outlook (AP 130-2-06) 1. Tighter margins are expected in 2024 for corn, soybeans, and wheat as commodity prices are forecast to be lower and input prices are expected to be flat. 2. Growing demand for sustainable biodiesel fuels will slow soybean price declines relative to the decline in corn prices. 3. Expect more acres planted to soybeans and fewer acres planted to corn and wheat.
- 2024 Georgia Ag Forecast Series: 2024 Cotton Outlook (AP 130-2-04) 1. U.S. cotton acreage and production are likely to decline in 2024 because of lower relative price expectations with competing crops. 2. The cotton production profit margin is likely to be lower in 2024 with high input costs and low cotton prices.
- 2024 Georgia Ag Forecast Series: 2024 Dairy Outlook (AP 130-2-09) 1. The outlook for 2024 is an improvement over 2023 as feed costs should decline and milk prices remain at similar levels in 2024. 2. Risks remain as improved margins may spur a strong production response and demand growth is uncertain both domestically and overseas.
- 2024 Georgia Ag Forecast Series: 2024 Fruits and Tree Nuts Outlook (AP 130-2-10) 1. High prices for peach producers helped a strong producer price index in the 2022–2023 crop season. The PPI is expected to stay strong in 2024. 2. Favorable prices came from production shortages, caused by bad weather in Q1 of 2023 that devasted the Georgia and South Carolina peach industries. 3. Citrus experienced the lowest production recorded in 50 years, and growers now prefer fresh market c…
- 2024 Georgia Ag Forecast Series: 2024 Georgia Ag Forecast (AP 130-2) Each year, UGA's agricultural economists develop a comprehensive overview to help various sectors of the agriculture industry navigate the year ahead. As Georgia's land-grant university, the University of Georgia conducts cutting-edge research on critical and emerging issues that are important to the agriculture industry. From this research, UGA provides the best information and education availabl…
- 2024 Georgia Ag Forecast Series: 2024 Georgia Agriculture Outlook (AP 130-2-02) 1. Food and commodity prices are expected to return to prepandemic levels. 2. Coupled with increasing costs, the nation’s farm income is expected to decline by 17% between 2022 and 2023. 3. Georgia’s 2023 net farm income is likely to return to the 10-year average of about $3 billion. 4. Potential upsides for Georgia are the possibility of higher demand for poultry, cotton, and peanuts from domes…
- 2024 Georgia Ag Forecast Series: 2024 Inputs and Production Expenditures Forecast (AP 130-2-03) 1. Farm input expenses continued to increase in 2023; when adjusted for inflation, they remained below 2014’s record highs. 2. Notable changes in 2023 included reductions in farm interest and fertilizer expenses. 3. Total production expenses are forecast to decline slightly with the largest changes in interest, fertilizer, and pesticide categories.
- 2024 Georgia Ag Forecast Series: 2024 Overall U.S. and Georgia Economic Outlook (AP 130-2-01) Each year, UGA's agricultural economists develop a comprehensive overview to help various sectors of the agriculture industry navigate the year ahead. As Georgia's land-grant university, the University of Georgia conducts cutting-edge research on critical and emerging issues that are important to the agriculture industry. From this research, UGA provides the best information and education availabl…
- 2024 Georgia Ag Forecast Series: 2024 Poultry Outlook (AP 130-2-07) 1. The broiler chicken outlook in 2024 is neutral to positive; consumer demand should remain steady and feed costs should decrease. 2. Risks to the chicken outlook include significant HPAI outbreaks and expensive housing. 3. Baseline chicken prices are expected to be similar to 1-year-ago levels. Production uncertainty is the main driver of price uncertainty for 2024.
- 2024 Georgia Ag Forecast Series: 2024 Vegetables and Pulses Outlook (AP 130-2-11) 1. Total harvested area of vegetables and pulses decreased by 3.2% from 2021 to 2022, and fresh and processed vegetable area harvested decreased by 5.1%; the situation is expected to deteriorate in 2024. 2. 2022 total imports of vegetables and pulses were $18.7 billion, an increase of 11.1% compared to 2021; this import trend is expected to continue. 3. Per capita vegetable consumption may increa…
- 2024 Georgia Ag Forecast Series: Agritourism, Hospitality, and Travel 2024 (AP 130-2-14) 1. Total number of trips among U.S. travel will grow 4.3% in 2024. 2. In 2023, pick-your-own farms and wineries/distilleries/breweries comprised almost 20% of the state’s agritourism attractions. 3. 2023 hotel demand will end with modest growth for rural and urban counties. 4. In 2022, total gross demand for accommodations in Georgia’s rural counties increased 24.7%; there was a 13.7% increase for…
- 2024 Georgia Ag Forecast Series: Georgia’s Alcoholic Beverage Industry 2024 Outlook (AP 130-2-15) 1. All three alcoholic beverage sectors in Georgia experienced significant growth over the last 20 years and are poised to keep growing. 2. Breweries had the highest total demand in 2022 ($1.1 billion), followed closely by wineries ($970 million). Distilleries saw the highest average 5-year growth rate—6% YOY. 3. Sourcing local ingredients will continue to help beverage producers in the state diff…
- 2024 Georgia Ag Forecast Series: Green Industry 2024 (AP 130-2-12) 1. 2023 was a good year for many green industry firms, but not as good as 2020–2022. 2. The unknowns going into 2024 include higher inflation and interest rates, mixed signals within the economy, increased input costs, and variability in the housing market. 3. Green industry sales in Georgia are projected to be lower than 2023 levels.
- 2024 Georgia Ag Forecast Series: Peanut 2024 Outlook (AP 130-2-05) 1. Peanut yields were down in 2023, but demand continues to remain strong and stocks remain steady. Prices are expected to hold strong. 2. The increased cost of production in recent years has remained elevated, with the Farm Bill safety net providing no support. 3. Contracting, controlling costs, and careful evaluation of crop insurance are primary risk-management strategies for producers. Forecas…
- 2024 Georgia Ag Forecast Series: Timber Situation and 2024 Outlook (AP 130-2-13) 1. Demand for softwood lumber and structural panels is expected to improve as interest rates drop and single-family housing starts resume their long-term trajectory. 2. Increased softwood lumber mill capacity across the South adds upward pressure on pine sawtimber prices; however, the region’s oversupply of sawtimber trees on the stump is expected to exert strong downward pressure on prices. 3. …
- Forest Farming–Forest Gardening: Growing Alternative Crops Under a Forest Canopy (C 1029) This publication describes forest farming (also known as forest gardening), which can be defined as cultivation of plants under a forest canopy (as opposed to wildcrafting, the practice of collecting wild plants and products from a forest). It includes suggestions for appropriate plants for cultivation in the Southeast.
- Impacts of the Great Recession and Drought on the Environmental Horticulture Industry (C 1119) The environmental horticulture industry, unlike many industries, is intricately connected to the national, regional, and local economy as plant and turfgrass sales ebb and flow with economic conditions. This publication updates readers on the national, regional, and local economic factors that have affected the environmental horticulture industry. Since the recession and drought of the mid-2000s, …