By Clint Thompson Hurricane Helene’s $138 million impact to the pecan industry is devastating for Georgia growers. What’s even more demoralizing is that those preliminary estimates may not cover the entire losses to the pecan industry, explains Lenny Wells, University of Georgia Extension pecan specialist. “We’re still looking at the possibility of more losses with whatever nuts are left in …
Preliminary Estimates: Hurricane Helene $6.46 Billion Economic Impact to Georgia Agriculture
By Clint Thompson Preliminary estimates for the economic impact of Hurricane Helene to Georgia agriculture topped $6 billion, according to totals released Thursday by the University of Georgia (UGA) College of Agricultural and Environmental Sciences (CAES). In a press conference that included Georgia Governor Brian Kemp, Agriculture Commissioner Tyler Harper and multiple legislative leaders, UGA CAES Dean Nick Place announced …
N.C. Ag Economic Impact Jumps to $111.1 Billion
RALEIGH – The economic impact of North Carolina’s agriculture and agribusiness industry jumped to $111.1 billion, posting a second straight year of strong growth at nearly $8 billion, according to Agriculture Commissioner Steve Troxler. “With last year’s increase of $10 billion, that represents over $18 billion in growth since 2022 when we were coming out of a pandemic and some …
National Potato Council Releases New Report on Economic Potential of U.S. Potato Exports
WASHINGTON – The National Potato Council (NPC) revealed its latest report on the economic impact of the U.S. potato industry. The report assessed the economic contribution of U.S. potato and potato product exports and analyzed the role that expanded trade opportunities would have on U.S. gross domestic product (GDP) and jobs. “The Current and Potential Impact of Expanded Potato Exports,” …
USDA Partners to Foster Economic Growth for Small Farming Businesses in Southern States
The U.S. Department of Agriculture (USDA), is partnering with the Small Business Administration (SBA) and the Federal Depository Insurance Corporation (FDIC), to host a series of regional economic development workshops on the “Path to Prosperity” in Mississippi, Kentucky, and Georgia to provide small businesses, including farmers and ranchers, with the resources and tools they need to grow. “These independent businesses, …
Despite Challenges, Florida Citrus Still a Strong Economic Force
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 for …
Agribusiness Has $51.8 Billion Annual Economic Impact in South Carolina
COLUMBIA, S.C. – The agribusiness industry has a $51.8 billion economic impact on South Carolina each year, according to a new analysis. Agribusiness is responsible for 259,215 jobs and $12.3 billion in annual labor income in the state as of 2020. These numbers represent a major milestone achieved for South Carolina’s agribusiness community. In 2009, the state’s industry and government …
Emphasis on Economics Aimed at Grower Profitability
By J. Scott Angle, jangle@ufl.edu, @IFAS_VP Eight new University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) economists focused on Florida agriculture will help growers get ahead of what happens in board rooms, government hearings and legislative debates. UF/IFAS provides you with the science to grow the world’s best fruits and vegetables and the knowledge to grow them profitably. …
Year-End Economic Survey Now Open to Georgia Farmers
A survey is now being conducted by the University of Georgia (UGA) in an effort to get a year-end perspective of the impact of the pandemic on Georgia’s agricultural industry. The Georgia Foundation for Agriculture, Georgia Farm Bureau, Georgia Department of Agriculture and UGA Center for Agribusiness and Economic Development are jointly sponsoring the survey. Organizers will use the data …
Georgia Blueberry Producer: You Don’t Have to Have a Ph.D. in Economics to See What’s happening
Russ Goodman Talks About Impact of Unfair Trade Ahead of Thursday’s Virtual Hearing A prominent blueberry producer in Southeast Georgia believes the future of the American family farm could hinge on any action taken as a result of the virtual hearing scheduled for Thursday. Russ Goodman is one of several farmers and industry leaders in Georgia who will testify in …