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  • AP 130-2-02

    2024 Georgia Agriculture Outlook

    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 domestic and overseas markets.
    5. Risks to this forecast are higher input costs, geopolitical risks, cheaper imports of some commodities, and a global economic slowdown.

    Ben Campbell and Gopinath (Gopi) Munisamy

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  • AP 130-2-03

    2024 Inputs and Production Expenditures Forecast

    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.

    Ben Campbell and Guy Hancock

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  • 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.

    Ben Campbell and Daniel Remar

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  • AP 130-2-05

    Peanut 2024 Outlook

    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.
    Forecast by Wendiam Sawadgo, Auburn University and Alabama Cooperative Extension System, Assistant Professor and Extension Economist; and Adam N. Rabinowitz, Auburn University and Alabama Cooperative Extension System, Associate Professor and Extension Economist.

    Ben Campbell

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  • AP 130-2-04

    2024 Cotton Outlook

    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.

    Ben Campbell and Yangxuan Liu

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  • AP 130-2-10

    2024 Fruits and Tree Nuts Outlook

    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 citrus instead of processed.
    4. For blueberries, the newly signed memorandum to export 800 tons to the EU market will help maintain strong prices in the 2024 crop season.

    Esendugue Greg Fonsah and Ben Campbell

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  • AP 130-2-11

    2024 Vegetables and Pulses Outlook

    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 increase in 2024 but will not attain the level seen in the years 2020–2022.

    Esendugue Greg Fonsah and Ben Campbell

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  • AP 130-2-06

    2024 Corn, Soybean, and Wheat Outlook

    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.

    Amanda R Smith and Ben Campbell

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  • 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.

    Ben Campbell and William Secor

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