Florida’s current orange crop is facing historically low numbers.
According to USDA ERS’s Catharine Weber, “Forecast for 2024-2025 marketing year is 522,000 tons, down 35% from last season. If realized, this Florida orange crop would be the smallest in 95 years.”
This is, of course, a huge concern for prices as Florida oranges have historically played a big role in meeting market demand.
“Florida oranges continue to play a major role in the U.S. orange juice industry, accounting for about 50% of oranges used in domestic production last season. Historically, Florida oranges have dominated the U.S. Florida orange juice industry, with Florida oranges accounting for around 90% of domestic orange juice production as recently as the 2016-2017 season.”
Weber says that with so few oranges in production this year, USDA ERS expects orange juice imports to rise higher this year than in years past.
November 09, 2023 01:21 PM
In honor of Veterans Day this weekend, we wanted to take a moment to highlight an incredible program connecting our great nation’s heroes with agriculture!
November 08, 2023 01:54 PM
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Shaun Haney, host of Rural Radio Channel 147’s Real Ag Radio, joined us Friday on Market Day Report with an update on the important vote involving the use of ag machinery in Canada.
November 03, 2023 02:14 PM
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Falling feed costs and strong demand for butter could be good news for dairy farmers looking to get their finances back on track.
November 03, 2023 12:38 PM
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Author Lee Klancher joined RFD-TV’s Market Day Report to discuss a new, special edition version of his book, “Farmall Century” hitting the shelves in honor of the iconic tractor’s major milestone and impact on the ag industry over the last century.
November 02, 2023 01:35 PM
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In today’s production update, Total Acre Farming’s David Hula has an enlightening conversation with Jeremy Rountree about a new, industry-disrupting product from
Brandt Fungicide.
November 02, 2023 12:23 PM
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