Florida Citrus Production and Value Up and Drought Hits Brazilian Coffee
From the Ag Information Network, this is your Agribusiness Update.
**Both the value and production of Florida citrus rose in the 2023–24 season.
www.citrusindustry.net reports, the preliminary on-tree value of the crop stands at $221 million, 6% more than a year earlier.
All citrus production is estimated at 20.2 million boxes, up 12% from last year.
The figures come from this year’s USDA National Ag Statistic Service Citrus Summary, together with the Florida Department of Agriculture and Consumer Services.
www.citrusindustry.net/2024/09/17/florida-citrus-gained-ground-2023-24/?fref=6732d5c3-a201-48e4-859d-a52552ecab24&em=YmxhcnNvbkBhZ2luZm8ubmV0&utm_campaign=Citrus+Industry+This+Week+9-19-2024
**As harvest wraps up for this year’s Brazilian coffee crop, drought is already threatening the 2025 harvest.
The market is watching how the dry conditions will affect the coffee plants.
The International Coffee Organization reports prices are already at a 13-year high when adjusted for inflation.
In August, the organization’s Composite Indicator Price averaged $2.38 per pound, up nearly 55% from the same time last year.
**The National Corn Growers Association applauds the House of Representatives for passing a bill to overturn the EPA’s tailpipe emissions standards focused solely on the use of electric vehicles to lower greenhouse gas emissions.
NCGA President Harold Wolle says the members of Congress who passed this legislation understand it could take years to realize the full potential EVs offer and that ethanol is just one of many available and effective options for addressing climate concerns.
