Georgia Peaches Look to Rebound and Farmers Understanding Sustainability
From the Ag Information Network, this is your Agribusiness Update.
**Georgia peach growers are looking forward to a fruitful season as the weather this winter and spring has been near-perfect for the sensitive crop.
www.morningagclips.com reports this year is projected to be a much-needed comeback from the disastrous season they experienced after a late freeze in March 2023 took out more than 90% of the state's crop.
The peach industry lost $60 million.
**McKinsey and Company research reveals a vast majority of American farmers have an understanding of sustainable farming and shows a positive outlook for its future.
Adoption of practices is correlated with perceived return on investment.
Practices that require only behavioral changes, such as reduced or no-till, have the highest adoption levels at 68 percent.
Despite the perceived benefits of sustainable practices, farmers expect costs to remain high.
**Republicans on the Senate Ag Committee proposed putting the government on the hook for a larger share of the policy premiums at the highest coverage levels.
The plan, called the FARMER Act, would inject $4.2 billion over ten years.
Premium support for revenue and yield protection at the 80% coverage level would rise from 68 to 77%.
AFBF President Zippy Duvall says, “The FARMER Act will make higher coverage more affordable.”
