Economy
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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.
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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
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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It is estimated that 2001 plant disease losses, including control costs, amounted to approximately $587.107 million. The value of the crops used in this estimate was more than $4.799 billion, resulting in a 12.23 percent total disease loss across all crops included in this summary.
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It is estimated that 2000 plant disease losses, including control costs, amounted to approximately $572.34 million. The value of the crops used in this estimate was more than $4.376 billion, resulting in a 13.07 percent total disease loss across all crops included in this summary.
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