It is the same old story that Florida producers have, unfortunately, grown accustomed to. Another week, another dose of vegetable imports from Mexico that diminish market prices. Florida farmers continue to take the brunt of financial punishment. Gene McAvoy, University of Florida Regional Vegetable Extension Agent IV Emeritus, confirmed the dire news that Mexican produce continues to flood the American …
Looking Ahead: How to Compensate for Low Pecan Prices?
As disappointing and disheartening last year’s pecan season was for Southeast producers, 2021 has the potential to be worse – if producers don’t take action or if prices don’t improve. It was a bountiful crop for Georgia with yields projected at 135 million pounds. But considering that pecan trees are alternate bearing (if they produce a good crop one year, …
Imperfect Competition Yields Profitable Market Opportunities
By Kimberly L. Morgan and Jessica Ryals In nearly all introductory economics courses, the agricultural industry serves as the primary example of a “perfectly competitive” market structure. In theory, farmers are not able to set prices for their products, and instead “take the price” offered by market buyers. To achieve profitability, a grower works year-round to find ways to reduce …
Export Markets Remain Key for Southeast Pecan Producers
With the 2020 pecan season in the books, growers in the Southeast are looking to write a new chapter in 2021, one they hope will have a better ending. The story of this past season’s crop centered on devastatingly low prices and low morale among farmers still trying to recover from Hurricane Michael in 2018. The biggest question remains, what …
Latest Pecan Prices
According to the USDA Federal-State Market News Service, pecan prices remain low throughout Georgia. Growers are picking up what is left in the orchards and bringing in what they have not put into cold storage. Rain and wet orchards have left some areas with excess moisture and damage from rot. Growers are working those lots harder to clean them out …
Pecan Prices Stay Low
It is getting late in the pecan harvest season. Prices remain low for farmers across the Southeast. According to the USDA Pecan Report, some producers are storing pecans they would normally export in hopes of getting a better price after the new year. Farmers and homeowners who are trying to sell now are still encountering decreased prices. “Export and retail …
Pecan Prices Remain Low
Rain and wind this week have made it a challenge for Georgia pecan producers harvesting this year’s crop. Farmers still can’t find a ray of sunshine amid declining prices. According to the USDA Pecan Report that was released on Tuesday, prices are lower than a week ago and most farmers with export quality pecans are holding them in storage until …
How Low Are Pecan Prices Compared to Previous Years?
Pecan prices are devastatingly low for Georgia producers. But how low are they compared to what farmers are used to this time of year? South Georgia pecan farmer Randy Hudson puts it in perspective. “We’re seeing prices anywhere from 30% to 50% less than what they’ve been the last three years,” Hudson said. “It makes a big difference. Of course, …
Falling Pecan Prices Dishearten Growers Amid Bumper Crop
It’s a disheartening feeling to know you have your best pecan crop in years only to face the worst market prices in at least the last 20 years. But that’s what pecan growers in Georgia are facing this fall, according to Lenny Wells, University of Georgia Cooperative Extension pecan specialist. As states like Georgia are currently harvesting a bumper crop, …
Very Low Prices for Georgia Pecan Producers
Georgia pecan prices remain discouragingly low for farmers as harvest season is in full swing across the state. According to the USDA Pecan Report that was released on Tuesday, ranged anywhere from 70 cents to 75 cents per pound for Stuart varieties to Sumners that were selling for $1.30 to $1.41 per pound (nut count 50-60) with meat yield 52% …