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.
New World Screwworm cases in Mexico, including one within 200 miles of the U.S. border, are adding pressure to livestock markets and trade decisions.
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According to multiple reports, Sen. Amy Klobuchar is considering a bid for Minnesota governor. If elected, this would open a key seat on the Senate Agriculture Committee.
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Dr. Seth Meyer Concludes Service; Dr. Justin Benavidez Appointed USDA Chief Economist
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Often referred to as “a steadfast voice for rural America”
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Preserving equity through active risk management remains critical in a volatile, supply-driven market.
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USDA data indicates that 13.7 percent of U.S. households experienced food insecurity in 2024, the highest rate since 2014, even as most households remained food secure.
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