Center for Agribusiness and Economic Development

Use the Advanced Search

  • AP 130-2-08

    2024 Beef Cattle Outlook

    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 throughout 2024.

    Benjamin Campbell and William Secor

    |

  • AP 130-2-07

    2024 Poultry Outlook

    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.

    Benjamin Campbell and William Secor

    |

  • AP 130-2-12

    Green Industry 2024

    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.

    Benjamin Campbell

    |

  • AP 130-2-14

    Agritourism, Hospitality, and Travel 2024

    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 food in the same counties.
    5. Visitation to state park and outdoor recreation areas increased 1% in 2022.

    Benjamin Campbell, John Salazar, and Yeon Sook Im

    |

  • AP 130-2-09

    2024 Dairy Outlook

    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.

    Benjamin Campbell and William Secor

    |

  • AP 130-2-15

    Georgia’s Alcoholic Beverage Industry 2024 Outlook

    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 differentiate themselves from competitors and meet increased consumer demand.
    4. Agritourism demand and the ability to sell directly to the consumer is critical to the industry’s growth and development.

    Benjamin Campbell and Daniel Remar

    |

  • AP 130-2-13

    Timber Situation and 2024 Outlook

    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. Pulpwood prices are expected to decline (at a slower pace) and stabilize in the second half of 2024.
    Forecast by Yanshu Li, UGA, Associate Professor and Forest, Economics, and Taxation Specialist; Joe Parsons, UGA, Director of the Harley Langdale, Jr. Center for Forest Business; Amanda Lang and Pat Jolley, Forisk Consulting

    Benjamin Campbell and Yanshu Li

    |

  • C 1029

    Forest Farming–Forest Gardening: Growing Alternative Crops Under a Forest Canopy

    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.

    Sarah Workman

    |

  • AP 130-2

    2024 Georgia Ag Forecast

    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 2024 forecast includes these sectors:
    1. U.S. Economic Outlook
    2. Georgia Agriculture Economic Outlook
    3. Inputs and Production Expenditures
    4. Cotton
    5. Peanuts
    6. Corn, Soybean, Wheat
    7. Poultry
    8. Beef Cattle
    9. Dairy
    10. Fruits and Tree Nuts
    11. Vegetables and Pulses
    12. Green Industry: Nursery, Greenhouse, and Turf
    13. Timber Situation and Outlook
    14. Agritourism, Hospitality, and Travel
    15. Georgia’s Alcoholic Beverage Industry

    Benjamin Campbell

    |