Georgia Production Expenses Higher and Commodity Groups Farm Bill Pressure
From the Ag Information Network, this is your Agribusiness Update.
**Overall production expenses for Georgia farmers totaled $10.89 billion in 2023 according to the USDA’s National
Agricultural Statistics Service, a 7% increase over 2022.
Feed purchases, the largest portion of ag production, accounted for 30% of the expenditures in Georgia, up 10%.
Georgia’s farmers incurred $2.04 billion in livestock and poultry-related expenses, up 29%.
Labor costs for Georgia farmers totaled $780 million, up 39%.
www.gfb.org/news/ag-news/post/georgia-farmers-expenses-increased-in-2023
**The USDA’s National Ag Statistics Service launched a collection of interactive maps to allow users to access key Census of Agriculture information.
The newly redesigned Ag Census Web Maps application offers access to maps and accompanying data to help visualize, download and analyze Census of Ag data down to the county level.
The app parses maps and statistics from the 2022 census across a number of categories like crops, producers and economics, at www.nass.usda.gov .
**Commodity groups are joining forces to bring producers and other ag stakeholders to Washington, DC in an effort to get a new Farm Bill passed.
Iowa banker Caleb Hopkins tells Politico if the farm bill is not passed THIS YEAR, ag producers will struggle to obtain credit in 2025. That will come as a blow to farmers who have experienced low commodity prices and high input costs.
The 2018 Farm Bill extension expires September 30.
