Agricultural Economics Resources
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AP 130-1-08
2023 Pork Outlook
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.
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AP 130-1-09
2022–2023 Commercial Poultry Outlook
Author: Dennis Brothers, Associate Extension Professor, Auburn University, Agricultural Economics and Rural Sociology. 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, but caution is warranted. 4. HPAI and California Proposition 12 ruling likely to have an impact on future table egg prices.
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AP 130-1-10
Honey Bees 2023
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 leading cause of colony loss in Georgia and nationally. 4. Demand for packages, nucleus colonies, and queens were down for 2022.
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AP 130-1-03
2023 Cotton Outlook
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.|
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AP 130-1-04
2023 Fruits and Tree Nuts Outlook
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 peach and orange producers was instrumental in maintaining a strong consumer price index in 2022. The producer price index is expected to stay strong in 2023. 3. In 2023, blueberry imports from Chile, Peru, and Mexico will continue to increase—domestic harvests only get into the market beginning mid-March, and total production is not enough to satisfy high domestic demand. 4. Georgia pecans will continue to dominate the tree-nut industry in the 2023 crop year and prices are expected to improve, especially if China increases it imports of U.S. pecans.
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Starting a farming or commercial production enterprise requires more than knowledge of agriculture or livestock management. The business side of farming is a critical factor in the success and sustainability of the enterprise. This resource can help answer common questions that beginning farmers have about planning, licensing requirements, financing options, training, and more.
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AP 130-1
2023 Georgia Ag Forecast
The entire publication is viewable using the “View PDF” button above. 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 available to producers and constituents to equip them with knowledge and decision-making tools for their businesses. The overall U.S. outlook projections include: 1. In 2023, the postpandemic expansion will end, and a mild recession will begin. 2. The 2023 recession will be mild and short. 3. Tight monetary policy because of high inflation is the main reason to expect a recession. Energy price shocks are a second reason to expect a recession. 4. Georgia’s economy will do better than the U.S. economy as a whole. 5. Economic development projects will provide a solid push to Georgia’s economy.
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AP 130-1-01
2023 Overall Georgia and U.S. Economic Outlook
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 available to producers and constituents to equip them with knowledge and decision-making tools for their businesses. The overall U.S. outlook projections include: 1. In 2023, the postpandemic expansion will end, and a mild recession will begin. 2. The 2023 recession will be mild and short. 3. Tight monetary policy because of high inflation is the main reason to expect a recession. Energy price shocks are a second reason to expect a recession. 4. Georgia’s economy will do better than the U.S. economy as a whole. 5. Economic development projects will provide a solid push to Georgia’s economy.
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AP 130-1-02
Peanut Situation and 2023 Outlook
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 forecasted increases in food use and exports over last year.
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