Economics and Money
-
AP 130-1-06
2023 Corn, Soybean, and Wheat Outlook
1. The Russia-Ukraine war and Mexico’s plan to ban genetically modified corn from the United States will increase uncertainty regarding corn prices. 2. The United States and the world will continue to have a tight wheat supply in 2023, supporting higher than average wheat prices. 3. The low ending stocks of U.S. soybeans indicate the need for more soybeans. Ending stocks might improve in 2023, leading to softer soybean prices.
|
-
AP 130-1-07
2023 Beef Cattle Outlook
1. Severe drought elevated cow slaughter in 2022. With fewer cows to slaughter in 2023, cattle prices are expected to increase. 2. China could become the largest export destination for U.S. beef in 2023. 3. As per capita beef consumption grows, there also will be a growing interest in plant-based alternatives.
|
-
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.
|
-
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.
|
-
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.
|
-
If you need a particular type of insurance, it is better to have it even if you never use it. The hard part is knowing the difference between insurance you need and insurance you are better off without. Many people purchase insurance without knowing whether they need it or not. Unless you fully understand insurance, you may be wasting money on insurance products you don’t need.
|
-
C 1110
Before You Invest
Saving and investing are critical steps to achieving your financial goals. Although these terms are often used interchangeably, they are quite different. Understanding the differences between saving and investing is the first step toward reaching your financial goals.
|
-
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. New and beginning farmers have many questions about planning, licensing requirements, financing options, training, and more (see Table 2). This publication can help answer some of those questions.
|
-
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.
|