Georgia Forestry Revenue Up and Gas Prices Up Again
From the Ag Information Network, this is your Agribusiness Update.
**For the 13th consecutive year, a Georgia Institute of Technology study shows an increase in revenue generated by Georgia’s forest industry.
According to the institute’s Enterprise Innovation
Institute, the total economic output of the forest industry rose to $42 billion in 2022, a 1.6% increase from the previous year.
The Georgia Farm Bureau reports the study also shows forestry provided the state with $807 million in tax revenue for 2022.
**The United Nations Food and Agricultural Organization’s Food Price Index was 118.3 points in March, up 1.3 points or 1.1% from its revised February level.
The rise in prices was driven by higher price indices for vegetable oils, dairy products, and meat, which slightly offset decreases in those for sugar and cereals.
Before March, following a seven-month-long decline, the index was down almost 10 points from the same time last year.
**After a week in which the national average held unchanged, gas prices resumed their climb, rising 6.5 cents compared to a week ago at $3.57 per gallon.
The national average is up 17.1 cents from a month ago but nearly a penny lower than a year ago.
The national average diesel price increased 3.1 cents and stands at $4.02 per gallon, 15 cents lower than a year ago.
