Orange Forecast Down and SCOTUS Hears Prop 12 Case
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.**The United States all orange forecast for the 2022-23 season is 3.19 million tons, down 8% from 21-22.
But, the Florida all orange forecast, at 28-million boxes, is down 32% from last season.
In Florida, early, midseason, and Navel varieties are forecast at 11 million boxes, down 40% from last year.
Florida’s Valencia orange forecast, at 17 million boxes, is down 25%.
Grapefruit is forecast at 2 million boxes, with Specialty fruit at 700,000 boxes.
**Ag groups, last week, argued against California's Proposition 12 to the Supreme Court.
The American Farm Bureau Federation and National Pork Producers Council challenged the ability of one state to set agricultural standards for the entire country.
Prop 12 bans the sale of pork from hogs that don't meet the state's arbitrary production standards, even hogs raised outside of California.
AFBF President Zippy Duvall says, "Prop 12's misguided approach will ultimately cost every family through higher food prices."
**New research from USDA’s Economic Research Service shows global food insecurity increased nearly 10% in fiscal year 2022.
USDA’s International Food Security Assessment model estimates how food prices and incomes affect food demand and access in 77 low-to-middle-income countries.
Of the people included in the 2022 assessment, almost 119 million more are estimated to be food insecure compared to 2021.