Economics and Money
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This circular provides a brief overview of health insurance and common terms associated with health insurance. The publication focuses on preventive health care, specifically common preventive health care services and wellness benefits provided through health insurance plans.
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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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AP 129-1
2023 Ag Snapshots
Ag Snapshots is a brief focus on Georgia’s agricultural industry and are based on the Georgia Farm Gate Value Report from the previous year with helpful infographics and maps. Years prior to 2023 can be accessed on the Agribusiness and Economic Development publications site: https://caed.uga.edu/publications/georgia-agricultural-statistics.html
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In 2018, the Trump Administration proclaimed significant changes in tariff actions on a variety of U.S. imports, which led to retaliation by U.S. trading partners—including China and many U.S. allies. These actions led to a 2-year trade dispute between the United States and China. Global commercial ties were destabilized and the trade and investment transactions and flows were hampered by the resulting trade dispute. This paper documents the timeline of the U.S.–China trade dispute and the retaliation and responses from China to the Trump Administration’s tariffs. As cotton and its related products were caught in the middle of the trade dispute, this paper also provides discussions about the tariffs implemented by both countries on the cotton and textile sector.
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The state of Georgia ranked ninth out of all states in 2013 for green industry (not including sod production, as this was not included in the analysis) economic contributions (including multiplier effects) to employment (64,066 jobs) and GDP ($3.79 billion) and tenth in total industry output ($6.72 billion). The largest individual sector in regard to output and employment both directly and indirectly was landscape services, representing nearly 57% of industry employment and 39% of economic output. The Georgia green industry represented 0.83% of Georgia gross domestic product (GDP), higher than that of the U.S. green industry as a whole at 0.72% U.S. GDP.
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The environmental horticulture industry, unlike many industries, is intricately connected to the national, regional, and local economy as plant and turfgrass sales ebb and flow with economic conditions. This publication updates readers on the national, regional, and local economic factors that have affected the environmental horticulture industry. Since the recession and drought of the mid-2000s, we find that the environmental horticulture industry has suffered economically and has yet to recover to pre-recession levels.
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