Florida Nursery and Landscape Industry Outlook for 2013

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Florida Nursery and Landscape Industry Outlook for 2013"

Transcription

1 Florida Nursery and Landscape Industry Outlook for 2013 Presented by Hayk Khachatryan and Alan Hodges University of Florida, Food & Resource Economics Department November 2012

2 Presentation Outline Industry at a glance Situation Sales estimates Market channels Industry threats Growth opportunities Competition Housing market Transportation costs Consumer demand

3 Florida Environmental Horticulture Industry Profile About 4,700 commercial nursery and greenhouse firms Production area: 141,724 open acres, 338 million square feet under protective cover Capital assets per firm: $1.18 million Source: 2007 Census of Agriculture (USDA-NASS)

4 Florida is the Second Largest State in Nursery Sales

5 Jan-01 May-01 Aug-01 Dec-01 Apr-02 Aug-02 Dec-02 Apr-03 Aug-03 Dec-03 Apr-04 Aug-04 Dec-04 Apr-05 Aug-05 Dec-05 Apr-06 Aug-06 Dec-06 Mar-07 Jul-07 Nov-07 Mar-08 Jul-08 Nov-08 Mar-09 Jul-09 Nov-09 Mar-10 Jul-10 Nov Florida Horticulture Industry Employment, (monthly) Thousand Jobs Services to buildings and dwellings (Landscaping) Greenhouse and nursery production Lawn and garden equipment and supplies stores Source: Florida Agency for Workforce Innovation, Quarterly Census of Employment and Wages

6 Billion Dollars (2010) Florida Environmental Horticulture Industry Revenues, Landscape services Greenhouse, nursery, and floriculture production Retail lawn and garden centers Source: Implan

7 Economic Contributions of the Florida Environmental Horticulture Industry in 2010 Source: UF-IFAS, Economic contributions of the Florida environmental horticulture industry in 2010, report to FNGLA, Sept. 2011, available at

8 Estimated Sales of Florida Environmental Horticulture Firms in 2010 Source: UF-IFAS, Economic contributions of the Florida environmental horticulture industry in 2010, report to FNGLA, Sept. 2011, available at

9 Floriculture Crops Wholesale value ($1000) Percent Change U.S. (15 states) $4,148,766 $4,080, % California $1,015,083 $1,011, % Florida $826,077 $835, % Number producers U.S. (15 states) 6,164 5, % California % Florida % Covered production area (1000 sq.ft.) U.S. (15 states) 729, , % California 135, , % Florida 307, , % Florida wholesale floriculture sales by plant type ($1000) Annual bedding/garden plants Percent Change $80,525 $73, % Herbaceous perennials $46,766 $53, % Potted flower plants $115,421 $114, % Tropical foliage plants $424,103 $442, % Cut flowers NA $3,663 Cut cultivated greens $59,394 $54, % Propagative material $78,642 $81, % Total All Types $804,851 $823, % Source: USDA-NASS, Floriculture Crops Report, Apr Data represents operations with $100,000 or more in annual sales.

10

11 Annual Sales Range Distribution of Survey Respondents by Annual Sales Range (2010) $100 million or more $50 - $99.99 million $20 $49.99 million $10 - $19.99 million $5.0 - $9.99 million $2.5 - $4.99 million $1.0 - $2.49 million $500,000 - $999,999 $250,000 - $499,999 $100,000 - $249,999 less than $100,000 Not available Nursery Landscape Retailer Allied 0% 10% 20% 30% 40% 50% Percent of Respondents

12 Sales by Market Region (2010) Percent of Sales Reported 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Nursery 3.4% 22.7% 22.1% 51.9% Landscape 2.0% 0.2% 13.9% 83.9% Retailer Allied 7.0% 0.6% 10.3% 5.5% 23.9% 23.8% 68.5% 60.4% Local area Florida (non-local) Other states International

13 Nurseries and Greenhouse Sales by Plant Type in 2010 Percent of Sales Reported 0% 10% 20% 30% 40% Million Dollars ,000 1,500 2,000 Tropical foliage Potted flowering Shrubs Palms Other Liners, cuttings, plugs Deciduous shade trees Vines or ground Flowering and fruit Evergreen trees Cut foliage, cut Turfgrass 10.1% 9.5% 5.5% 4.5% 4.3% 3.4% 3.1% 2.4% 0.6% 0.4% 21.5% 34.7% ,480

14 Landscape Firm Sales by Service/Product Type in 2010 Percent of Sales Reported Million Dollars 0% 10% 20% 30% 40% 50% ,000 1,500 2,000 2,500 3,000 Landscape maint. Landscape installation 22.8% 43.8% 1,377 2,647 Live plants Landscape design Supplies / equipment Landscape consulting Other Interiorscaping 11.8% 8.2% 5.4% 4.0% 3.2% 0.7%

15 Horticultural Retailer Sales by Product Type in 2010 Percent of Sales Reported 0% 10% 20% 30% 40% 50% 60% Million Dollars Live plants 50.6% 744 Other goods 28.8% 424 Supplies 13.7% 202 Hard goods 6.9% 101

16 Allied-Supplier Sales by Product/Service Type in 2010 Percent of Sales Reported 0% 10% 20% 30% 40% Million Dollars Chemicals Other products or services 15.9% 37.7% Financial & insurance 14.6% 82 Fertilizer 14.5% 81 Nursery containers 13.3% 74 Equipment and tools 2.3% 13 Soil media 1.1% 6 Packaging materials 0.4% 2 Consulting services 0.1% 1 Peat 0.1% 0

17

18 Nurseries and Greenhouse Sales by Customer Type in 2010 Percent of Sales Reported 0% 10% 20% 30% 40% Million Dollars ,000 1,500 2,000 Home improvement stores Landscape contractors, 14.4% 37.2% 612 1,587 Mass merchandise stores 12.7% 543 Re-wholesalers or brokers 11.1% 471 Ind. retail garden centers 9.3% 398 Other growers 8.7% 369 Homeowners 3.7% 157 Developers, property 1.7% 72 Other customers 1.3% 55

19 Landscape Service Firm Sales by Customer Type in 2010 Percent of Sales Reported 0% 10% 20% 30% 40% Million Dollars 0 1,000 2,000 3,000 Homeowners Apartments, condos 35.9% 21.9% 1,322 2,171 Commercial estab. Builders, developers Other landscape firms Governments Other 15.5% 10.8% 8.8% 5.4% 1.7%

20 Horticultural Retailer Sales by Customer Type in 2010 Homeowners Commercial establishments Apartments, condominiums Landscape contractors Other type of customer Other retailers Governments Percent of Sales Reported 0% 10% 20% 30% 40% 50% 60% 51.1% 19.4% 10.3% 7.6% 5.5% 3.8% 2.5% Million Dollars

21

22 Issues or Threats to the Environmental Horticulture Industry Mean Importance Rating (1-10 scale) Economic recession Energy or transportation costs Increasing costs of production Low prices for products or services Drought or water use restrictions Government regulations Lack of professionalism Market power of large retail chains Poor worker education or skills Restrictions on chemicals Immigration enforcement Competition by plant substitutes Nursery Landscape Retailer Allied Source: UF-IFAS, Economic contributions of the Florida environmental horticulture industry in 2010, report to FNGLA, Sept. 2011, available at

23 Opportunities for Growth by Florida Horticulture Businesses Percent of respondents already doing or very interested 0% 10% 20% 30% 40% 50% 60% Offering new services (e.g. green walls, roofs) Securing sustainability certifications Growing/Selling Florida-friendly plants Using social media (e.g. Facebook, Twitter) Expanding digital presence (websites, i-phone apps) Participating in branding campaigns Networking or partnering with builders/developers Earning FNGLA professional certification Using/Selling biodegradable containers Landscape installation or maintenance Changing plant or product mix Retailing direct to the public Growing bio-fuel energy crops Growing edible crops Contract growing Nursery Landscape Retailer

24

25 External Factors Affecting Industry Performance Housing market dynamics - existing sales and new construction starts Unemployment rate Consumer confidence index Competition - intra-industry and foreign Transportation efficiency and fuel prices Consumer preferences and demand

26 S&P/Case-Shiller Home Price Index Level Housing Market: Case-Shiller Home Price Index, Florida and U.S. 300 National Miami Tampa Dec-99 Apr-01 Sep-02 Jan-04 May-05 Oct-06 Feb-08 Jul-09 Nov-10 Apr-12 Source: Standard and Poor s Indices;

27 Unemployment Rate: Florida, CA, TX, & U.S. Source: Bureau of Labor Statistics, through Google Public Data Service

28 Florida Consumer Confidence Index ( ) Source: University of Florida, Bureau of Economic and Business Research

29 Competition: Intra-industry and Imports Large producers vs. small, family-owned operations Large chain stores vs. specialized retailers U.S. is a net importer of nursery products 2012 imports, $1.9 B, 12.5% of domestic demand (expected 19.3%) U.S. exports 3.1%; $415.2 M of revenue Duty-free imports from South America (cheap labor, favorable weather) The Andean Trade Promotion and Drug Eradication Act

30 Industry Consolidation U.S. Establishments in ,845 Decreased to 45,565 in 2012 (16% ) Small firms exiting the industry Larger firms: Efficient means of transportation Improved logistics Lower costs Lower prices

31 Transportation Costs and Industry Consolidation

32 Factors in choosing plants (1=Not important, 5=Extremely important) Quality of Plant 4.4 Price Color Guaranteed Growth Flowering Size of Plant Light Demand Drought Tolerance Effectiveness of Air Purification Importance Score (1=Not important; 5=Extremely Important) Source: Choi, H.J., and H. Khachatryan Main Factors Affecting Consumers Ornamental Plant Selection and Store Choice: Results from a National Consumer Survey. Mid-Florida Research and Education Center, Apopka, FL. Unpublished Report.

33 Final Thoughts Revenue $13.5 B in 2012 Decreased 4.2% per year since projected growth -0.7% per year (IBIS World Industry Report 11142, Sep 2012) Innovation GM seeds (licensing issues) Perceptions about GM movement Disease resistant varieties Consumer preferences Plant quality vs. price

34 Thank you for attention! Alan W. Hodges Hayk Khachatryan Food & Resource Economics Department Institute of Food and Agricultural Sciences University of Florida

Florida Nursery Crops and Landscaping Industry Economic Impacts, Situation, and Outlook 1

Florida Nursery Crops and Landscaping Industry Economic Impacts, Situation, and Outlook 1 FE946 Florida Nursery Crops and Landscaping Industry Economic Impacts, Situation, and Outlook 1 Hayk Khachatryan and Alan W. Hodges 2 Industry at a Glance Florida s environmental horticulture or Green

More information

Floriculture Crops Economic Outlook for 20141

Floriculture Crops Economic Outlook for 20141 FE941 1 Hayk Khachatryan, Alan W. Hodges, and Shawn Steed2 Introduction This report summarizes industry statistics using data from primary and secondary sources and highlights production and sales trends

More information

Growth and Challenges in Florida s Environmental Horticulture Industry

Growth and Challenges in Florida s Environmental Horticulture Industry Growth and Challenges in Florida s Environmental Horticulture Industry Alan W. Hodges 1,3 and John J. Haydu 2 ADDITIONAL INDEX WORDS. economic, multipliers,, employment, value added, IMPLAN, economic region,

More information

Economic Impacts of Drought on the Florida Environmental Horticulture Industry 1

Economic Impacts of Drought on the Florida Environmental Horticulture Industry 1 FE385 Economic Impacts of Drought on the Florida Environmental Horticulture Industry 1 Alan W. Hodges and John J. Haydu 2 Abstract An economic impact study of Florida s environmental horticulture industry

More information

Economic Contributions of Agriculture, Natural Resources and Food Industries in Polk County, Florida

Economic Contributions of Agriculture, Natural Resources and Food Industries in Polk County, Florida Economic Contributions of Agriculture, Natural Resources and Food Industries in Polk County, Florida Sponsored Project Report to Polk County, Florida Farm Bureau Alan W. Hodges, Ph.D., Extension Scientist

More information

Economic Contributions of the Environmental Horticulture Industry in Florida in 2015

Economic Contributions of the Environmental Horticulture Industry in Florida in 2015 Economic Contributions of the Environmental Horticulture Industry in Florida in 2015 Sponsored Project Report to Florida Nursery, Growers and Landscape Association, Orlando, Florida Alan W. Hodges, PhD*

More information

Economic Impacts of Natural Disasters on Agriculture. 3rd Annual Florida Agricultural Policy Outlook Conference February 21, 2018

Economic Impacts of Natural Disasters on Agriculture. 3rd Annual Florida Agricultural Policy Outlook Conference February 21, 2018 Economic Impacts of Natural Disasters on Agriculture 3rd Annual Florida Agricultural Policy Outlook Conference February 21, 2018 Christa D. Court, PhD Alan W. Hodges, PhD Assistant Scientist Extension

More information

Economic Impact of Agriculture and Agribusiness in Miami-Dade County, Florida

Economic Impact of Agriculture and Agribusiness in Miami-Dade County, Florida Economic Impact of Agriculture and Agribusiness in Miami-Dade County, Florida Florida Agricultural Marketing Research Center, Industry Report 2000-1 October, 2000 by Robert Degner Tom Stevens David Mulkey

More information

A Decade of Change in Florida's Ornamental Plant Nursery Industry, 1989 to 1999

A Decade of Change in Florida's Ornamental Plant Nursery Industry, 1989 to 1999 A Decade of Change in Florida's Ornamental Plant Nursery Industry, 1989 to 1999 Alan W. Hodges and John J. Haydu 1 Economic Information Report 00-3 University of Florida Food & Resource Economics Department

More information

Economic Impacts of the Green Industry in the United States

Economic Impacts of the Green Industry in the United States Economic Impacts of the Green Industry in the United States Final Report to the National Urban and Community Forestry Advisory Committee by Charles R. Hall, PhD, University of Tennessee 2621 Morgan Circle

More information

Appendix B. General Explanation and Report Form

Appendix B. General Explanation and Report Form Appendix B. General Explanation and Report Form DEVELOPMENT OF THE REPORT FORM Planning for the NASS organic production survey began in the fall of 2013. Report form content was developed with individuals

More information

U.S Department of Agriculture. Agricultural Outlook Forum February 20 & 21, 2003 ECONOMIC AND MARKETING ISSUES FROM A GROWER'S PERSPECTIVE

U.S Department of Agriculture. Agricultural Outlook Forum February 20 & 21, 2003 ECONOMIC AND MARKETING ISSUES FROM A GROWER'S PERSPECTIVE U.S Department of Agriculture Agricultural Outlook Forum 2003 February 20 & 21, 2003 ECONOMIC AND MARKETING ISSUES FROM A GROWER'S PERSPECTIVE Robin G. Brumfield Professor and Farm Management Specialist

More information

2012 Farm Outlook. Highlights

2012 Farm Outlook. Highlights 2012 Farm Outlook Office of the Chief Economist USDA Highlights A promising spring planting was followed by historic drought. Record high commodity prices followed. Farm incomes are expected to be near

More information

New Specialty Crops for California

New Specialty Crops for California New Specialty Crops for California Mark Gaskell, Farm Advisor UC Cooperative Extension - Santa Maria UC Statewide Small Farm Program California Offers A Special Mix Diverse growing environments Large,

More information

Tempering the Thirst Of America s Driest City

Tempering the Thirst Of America s Driest City Tempering the Thirst Of America s Driest City Prepared for: Rocky Mountain Land Use Institute 2 March 2012 Colorado River Serves about 30 million people in 7 states and Mexico Irrigates about 1.8M acres

More information

2015 AGRICULTURAL WORKFORCE. Agriculture economy Employment and earnings Agriculture labor market H-2A and prevailing wages Common practices

2015 AGRICULTURAL WORKFORCE. Agriculture economy Employment and earnings Agriculture labor market H-2A and prevailing wages Common practices 2015 AGRICULTURAL WORKFORCE Agriculture economy Employment and earnings Agriculture labor market H-2A and prevailing wages Common practices Labor Market and Performance Analysis September 2016 2015 Agricultural

More information

Business Practices of Landscape Firms

Business Practices of Landscape Firms HO-294-W U.S. LANDSCAPE FIRMS SURVEYS Business Practices of Landscape Firms Ariana Torres Purdue University Horticulture and Landscape Architecture and Agricultural Economics Susan S. Barton University

More information

Beef Cattle Outlook R. Curt Lacy, Ph.D. Extension Economist-Livestock University of Florida Beef Cattle Short Coourse

Beef Cattle Outlook R. Curt Lacy, Ph.D. Extension Economist-Livestock University of Florida Beef Cattle Short Coourse Beef Cattle Outlook R. Curt Lacy, Ph.D. Extension Economist-Livestock 2012 University of Florida Beef Cattle Short Coourse MED. & LRG. #1 & 2 STEER CALF PRICES 400-500 Pounds, Georgia, Weekly $ Per Cwt.

More information

Floridian Consumer Perceptions of Local Versus Organic Ornamental Plants 1

Floridian Consumer Perceptions of Local Versus Organic Ornamental Plants 1 FE964 Floridian Consumer Perceptions of Local Versus Organic Ornamental Plants 1 Hayk Khachatryan and Alicia Rihn 2 Introduction Both local origin and organic production methods are potential value-added

More information

Feed Grain Outlook June 2, 2014 Volume 23, Number 33

Feed Grain Outlook June 2, 2014 Volume 23, Number 33 June 2, Today s Newsletter Market Situation Crop Progress 1 Corn Use 2 Outside Markets 3 Marketing Strategies Corn Marketing Plan 5 Upcoming Reports/Events 6 Market Situation Crop Progress. This afternoon

More information

5 Star London Hotels - Example Report

5 Star London Hotels - Example Report 5 Star London Hotels - Example Report January 2018 CONTENTS Your Benchmark Report Website Traffic Conversion Rates Ecommerce Performance AdWords Spend Your Traffic Index Your Conversion Rate Index Your

More information

The University of Georgia

The University of Georgia The University of Georgia Center for Agribusiness and Economic Development College of Agricultural and Environmental Sciences Economic Contribution of Turfgrass Production, Ornamental Horticulture, Landscape

More information

Agricultural Outlook Forum Presented: February 17, 2006 CHINESE FROZEN STRAWBERRY EXPORTS

Agricultural Outlook Forum Presented: February 17, 2006 CHINESE FROZEN STRAWBERRY EXPORTS Agricultural Outlook Forum Presented: February 17, 2006 CHINESE FROZEN STRAWBERRY EXPORTS Dave Yvanovich Vice President and General Manager Frozsun Foods China s Strawberry Industry Emerging into the World

More information

Dairy Outlook Midwest & Great Plains Outlook Conference. Katelyn McCullock Dairy & Forage Economist Livestock Marketing Information Center

Dairy Outlook Midwest & Great Plains Outlook Conference. Katelyn McCullock Dairy & Forage Economist Livestock Marketing Information Center Dairy Outlook 2014 Midwest & Great Plains Outlook Conference Katelyn McCullock Dairy & Forage Economist Livestock Marketing Information Center KEY TO DAIRY 2014 Prices are record high in the first half.

More information

Contributions of the Ornamental Horticulture and Turfgrass Industry to the South Carolina Economy, 1999

Contributions of the Ornamental Horticulture and Turfgrass Industry to the South Carolina Economy, 1999 EER 194 April 01 Contributions of the Ornamental Horticulture and Turfgrass Industry to the South Carolina Economy, 1999 by P. James Rathwell Michalann G. Evatt Mark S. Henry Department of Agricultural

More information

Situation and Outlook of the Canadian Livestock Industry

Situation and Outlook of the Canadian Livestock Industry Situation and Outlook of the Canadian Livestock Industry 2011 USDA Agricultural Outlook Forum Tyler Fulton February 25, 2011 tyler@hamsmarketing.ca Lost in Translation Canadian Livestock Industry - Outline

More information

SANTA MARGARITA WATER DISTRICT LARGE LANDSCAPE LUNCHEON

SANTA MARGARITA WATER DISTRICT LARGE LANDSCAPE LUNCHEON SANTA MARGARITA WATER DISTRICT LARGE LANDSCAPE LUNCHEON DECEMBER 16, 2015 OPENING REMARKS: DAN FERONS, SMWD GENERAL MANAGER PRESENTER: NATE ADAMS, SMWD WATER EFFICIENCY ADMINISTRATOR WE RE IN THIS TOGETHER...

More information

3/17/2016. Ross Pruitt Associate Professor. What is happening? What may happen? Economic/management considerations

3/17/2016. Ross Pruitt Associate Professor. What is happening? What may happen? Economic/management considerations Ross Pruitt Associate Professor What is happening? What may happen? Economic/management considerations Mil. Head 40 JANUARY 1 COW INVENTORY U.S., Annual 35 30 25 2016 = 30.3 Million Head +3.5 Percent 20

More information

Tools to Help Beef Cattle Producers Make Economically Sound Restocking Decisions

Tools to Help Beef Cattle Producers Make Economically Sound Restocking Decisions Tools to Help Beef Cattle Producers Make Economically Sound Restocking Decisions Victoria County Post Drought Management Seminar April 13, 2010 Victoria, TX Coordinated by: Sam Womble Victoria CEA/NR Prepared

More information

Assessing Economic Impacts and Benefits of Commercial Horticulture Extension Programs 1

Assessing Economic Impacts and Benefits of Commercial Horticulture Extension Programs 1 FE898 Assessing Economic Impacts and Benefits of Commercial Horticulture Extension Programs 1 Alan Hodges, Shawn Steed, Jane Morse, Peggy Dessaint, Donald Rainey, and Charles Vavrina 2 Introduction and

More information

Fueling the Future with Natural Gas: Bringing It Home

Fueling the Future with Natural Gas: Bringing It Home NCSL Energy Policy Summit Minneapolis, MN August 19, 2014 Fueling the Future with Natural Gas: Bringing It Home Kathryn Clay, Ph.D. Vice President, Policy Strategy American Gas Association Shale Gas Resources

More information

Economic Contributions of Agriculture, Natural Resources, and Food Industries in Florida in 2016 Executive Summary

Economic Contributions of Agriculture, Natural Resources, and Food Industries in Florida in 2016 Executive Summary Economic Contributions of Agriculture, Natural Resources, and Food Industries in Florida in 2016 Executive Summary Christa D. Court, PhD, Alan W. Hodges, PhD, and Mohammad Rahmani, PhD University of Florida-IFAS,

More information

Peanut Situation and Outlook 2004/2005. Nathan B. Smith 1

Peanut Situation and Outlook 2004/2005. Nathan B. Smith 1 Introduction and Overview Peanut Situation and Outlook 2004/2005 Nathan B. Smith 1 Peanut producers hope to follow 2003 with another record year for peanut yields in 2004. The US peanut yield averaged

More information

Economic Contributions of Agriculture, Natural Resources, and Food Industries in Florida in

Economic Contributions of Agriculture, Natural Resources, and Food Industries in Florida in FE969 Economic Contributions of Agriculture, Natural Resources, and Food Industries in Florida in 2013 1 Alan W. Hodges, Mohammad Rahmani, and Thomas J. Stevens 2 Executive Summary Agriculture, natural

More information

South+San+Joaquin+Valley+

South+San+Joaquin+Valley+ South+San+Joaquin+Valley+ + Prepared+by+ Publication+of+this+report+was+made+possible+by+the+ generous+support+of+the+california+endowment.+ Nonfarm Employment (000s, SA) Index (2003 = 100) 750 725 700

More information

Dairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook June 2017 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology Cheese prices were up 15.9% in April over their values at the beginning of the month, despite

More information

City of San Clemente Water Usage Report

City of San Clemente Water Usage Report Monthly Usage (AF) ACRE FEET City of San Clemente Overview of Usage FY 217-18 Monthly Water Use Type of Supply Total MWDOC 723 722 657 629 - - - - - - - - 2,731 Local Groundwater 33 23 69 84 - - - - -

More information

2018 Northwest Farm Credit Services

2018 Northwest Farm Credit Services 1 This Industry Perspective was prepared by Northwest FCS Nursery/Greenhouse Industry Team. Direct questions and comments to the Business Management Center by email at bmc@northwestfcs.com. Disclaimer:

More information

Grain Market Outlook and Marketing Strategies

Grain Market Outlook and Marketing Strategies Grain Market Outlook and Marketing Strategies Presented by: Brian Roach Dec 6 & 7, 2016 Roach Ag Marketing, Ltd. Disclaimer: Futures/options trading involves substantial risk of loss and trading may not

More information

Woking. q business confidence report

Woking. q business confidence report Woking q1 business confidence report Woking q1 report headlines saw a new record in company registrations in Woking when compared to any previous. was a record quarter for company registrations in Woking

More information

4R Nutrient Stewardship

4R Nutrient Stewardship 4R Nutrient Stewardship Major Crops of Southeast Asia Good Reasons to Engage IPNI Southeast Asia Program for: 4R Nutrient Stewardship Major Crops of Southeast Asia Good Reasons to Engage 1. 4 Rights Nutrient

More information

Water Planning and Stewardship Committee Item 6a February 8, 2016

Water Planning and Stewardship Committee Item 6a February 8, 2016 Water Planning and Stewardship Committee Item 6a February 8, 2016 Hydrologic Conditions State Water Project Allocation 2016 Water Supply Demand Balances Statewide Conservation Regulations WSDM Tracking

More information

Market Outlook. David Reinbott.

Market Outlook. David Reinbott. Market Outlook David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu Trending Issues China,

More information

The U.S. Freight Railroad Industry. Ohio Conference on Freight Toledo, Ohio September 21, 2011

The U.S. Freight Railroad Industry. Ohio Conference on Freight Toledo, Ohio September 21, 2011 The U.S. Freight Railroad Industry Ohio Conference on Freight Toledo, Ohio September 21, 2011 Assn. of American Railroads www.aar.org SLIDE 2 Integrated With Mexico and Canada ~140,000 route-miles in U.S.,

More information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas ENERGY SLIDESHOW Updated: July 5, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 120 Brent (Jun 29 = $75.24) WTI (Jun 29 = $74.03) 95%

More information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas ENERGY SLIDESHOW Updated: February 14, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 Brent (Feb 9 = $65.50) WTI (Feb 9 = $62.01) 120

More information

QUARTERLY FORECAST REPORT 2ND QUARTER

QUARTERLY FORECAST REPORT 2ND QUARTER QUARTERLY FORECAST REPORT 2ND QUARTER 216 77 Sundial Ave. Suite 51 W. Manchester, NH 313 E-mail: itr@itreconomics.com Quarterly Forecast Report Table of Contents Definitions & Methodology... 3 MTI Average

More information

Corn, Hay, Wheat & Cattle Outlook

Corn, Hay, Wheat & Cattle Outlook Corn, Hay, Wheat & Cattle Outlook Stephen R. Koontz Associate professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu http://dare.agsci.colostate.edu/skoontz

More information

U.S. Farm and Retail Egg Price Relationships to 2005 Changing Share of the Consumer's Egg Dollar

U.S. Farm and Retail Egg Price Relationships to 2005 Changing Share of the Consumer's Egg Dollar 6/9/2006 U.S. Farm/Retail Egg Prices 1 Egg Economics Update # 274 U.S. Farm and Retail Egg Price Relationships - Changing Share of the Consumer's Egg Dollar This review of U.S. farm and retail egg prices

More information

APPLIED PRICE FORECASTING

APPLIED PRICE FORECASTING APPLIED PRICE FORECASTING AGEC 344 AG PRICE ANALYSIS January 2014 Tim Petry Livestock Economist www.ag.ndsu.edu/livestockeconomics Applied-Price-Forecasting-Jan2014 2-04-14 If you read about something

More information

Fundamental Shifts Impacting U.S. Agriculture

Fundamental Shifts Impacting U.S. Agriculture Fundamental Shifts Impacting U.S. Agriculture Richard Brock California Grain & Feed Association San Diego, CA April 28, Game Changers 3 fundamental shifts Long term Impact $2 cotton in 2011 industry will

More information

SOUTHERN EXTENSION FARM MANAGEMENT COMMITTEE. _Tennessee_ State Report Year 2007

SOUTHERN EXTENSION FARM MANAGEMENT COMMITTEE. _Tennessee_ State Report Year 2007 SOUTHERN EXTENSION FARM MANAGEMENT COMMITTEE _Tennessee_ State Report Year 2007 1. Staffing Changes Type (a) Name Effective Date Area of Responsibility N David Bilderback Feb, 2007 Area Specialist - Farm

More information

The Big Hog Cycle What goes down, must go up?

The Big Hog Cycle What goes down, must go up? Theoretical Four Year Hog Cycle Source: Hog Market Cycles, http://ndsuext.nodak.edu/extpubs/ansci/swine/ec1101w.htm The Big Hog Cycle What goes down, must go up? John Bancroft OMAF Grower-Finisher Specialist

More information

AGENDA ITEM D6. Climate Outlook

AGENDA ITEM D6. Climate Outlook AGENDA ITEM D6 DATE: June 1, 2016 TO: Matt Jordan, General Manager FROM: Alison Adams, Chief Technical Officer SUBJECT: Regional Water Supplies and Member Demands Status Report SUMMARY: RECOMMENDATION:

More information

World Apple Juice Situation: Global Apple Juice Production Recedes as China s Apple Crop Declines, Trade To Continue Strong in MY 2005/06

World Apple Juice Situation: Global Apple Juice Production Recedes as China s Apple Crop Declines, Trade To Continue Strong in MY 2005/06 World Apple Juice Situation: Global Apple Juice Production Recedes as China s Apple Crop Declines, Trade To Continue Strong in MY 2005/06 SUMMARY World production of apple juice for market year (MY) 2004/05

More information

The Greenhouse Business in Kentucky

The Greenhouse Business in Kentucky The Greenhouse Business in Kentucky A Review of Crops and How to Begin a Business Robert G. Anderson, Extension Specialist in Floriculture The greenhouse business in Kentucky is a successful small business

More information

Grains Outlook for 2014 SAEA Crops Outlook Organized Symposium Dallas, TX February 4, 2014

Grains Outlook for 2014 SAEA Crops Outlook Organized Symposium Dallas, TX February 4, 2014 Grains Outlook for 2014 SAEA Crops Outlook Organized Symposium Dallas, TX February 4, 2014 Dr. Nathan B. Smith (UGA) and Dr. Mark Welch (TAMU) Corn Corn Situation Record production. Leveling off of corn-starch

More information

Economic Outlook of Beef Cattle

Economic Outlook of Beef Cattle Economic Outlook of Beef Cattle Stan Bevers Professor & Ext. Economist Texas A&M AgriLife Extension Service Vernon, Texas University of Florida Beef Cattle Short Course Gainesville, Florida May 4, 2016

More information

ITR Alan Beaulieu. October 2011

ITR Alan Beaulieu. October 2011 Presented by ITR Alan Beaulieu October 211 alan@itreconomics.com 15 US Industrial Production to Gross Domestic Product Year-over-year Quarter to Quarter (3/12) 2 15 1 1 5 3.4% 5-5 -1-15 -7.1% GDP US IP

More information

Cattle Situation and Outlook

Cattle Situation and Outlook Cattle Situation and Outlook Midwest/Great Plains/Western Outlook Conference August 2010 Tim Petry Livestock Economist www.ag.ndsu.edu/livestockeconomics mwgpw.ppt 8/12/10 TO ALL OUTLOOK CONFERENCE ATTENDEES

More information

Cotton Update. Hosted by United States Fashion Industry Association (USFIA) and Cotton Incorporated

Cotton Update. Hosted by United States Fashion Industry Association (USFIA) and Cotton Incorporated Cotton Update Hosted by United States Fashion Industry Association (USFIA) and Cotton Incorporated September 27, 2018 2:00 P.M. Eastern/11:00 A.M. Pacific At any time during the presentation, you may enter

More information

Using ERS Food Price Forecasts to Estimate Food Expenditures for American Households

Using ERS Food Price Forecasts to Estimate Food Expenditures for American Households Using ERS Food Price Forecasts to Estimate Food Expenditures for American Households Annemarie Kuhns Economic Research Service, USDA Food Markets Branch Food Economics Division Agenda Introduction Overview

More information

Greenhouse Tomatoes Budgets and Other Economics. Elizabeth Canales Assistant Extension Professor Department of Agricultural Economics

Greenhouse Tomatoes Budgets and Other Economics. Elizabeth Canales Assistant Extension Professor Department of Agricultural Economics Greenhouse Tomatoes Budgets and Other Economics Elizabeth Canales Assistant Extension Professor Department of Agricultural Economics Outline Introduction: Industry Overview Planning for a new Operation

More information

Florida Consumer Preferences for Ornamental Landscape Plants 1

Florida Consumer Preferences for Ornamental Landscape Plants 1 FE1000 Florida Consumer Preferences for Ornamental Landscape Plants 1 Hayk Khachatryan and Alicia Rihn 2 Introduction Ornamental landscape plants consist of annuals, perennials, trees, and shrubs that

More information

Livestock and Feedgrain Outlook

Livestock and Feedgrain Outlook Livestock and Feedgrain Outlook 2017 Range Beef Cow Symposium James G. Robb Director, LMIC Website: www.lmic.info November 28-30, 2017 28 US Land Grant Universities: USDA Data Sources -- NASS, AMS, FAS,

More information

Cattle & Meat Market Update. John Michael Riley - Extension Ag Economist 2015 Florida Beef Cattle Shortcourse May 13, 2015

Cattle & Meat Market Update. John Michael Riley - Extension Ag Economist 2015 Florida Beef Cattle Shortcourse May 13, 2015 Cattle & Meat Market Update John Michael Riley - Extension Ag Economist 2015 Florida Beef Cattle Shortcourse May 13, 2015 2 Big Picture It s already been said, but - - WOW! 2014 was great! When the cows

More information

Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst

Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst Ammonia joined other forms of nitrogen in the parade of higher costs, with contracts

More information

Selling at Farmers Markets:

Selling at Farmers Markets: Selling at Farmers Markets: Benefits and Price Trends Ariana Torres, PhD Assistant Professor Marketing Specialist torres@purdue.edu Farmers markets continue to grow in number 8,708 markets in the US (USDA-AMS)

More information

Crop Market Outlook: Where do we go from here?

Crop Market Outlook: Where do we go from here? 2012-13 Crop Market Outlook: Where do we go from here? Frayne Olson, PhD Crop Economist/Marketing Specialist NDSU Extension Service ND Agricultural Experiment Station Dept. of Agribusiness & Applied Economics

More information

Maryland Horticulture Industry Economic Profile

Maryland Horticulture Industry Economic Profile December 2004 2003 Horticulture Industry Economic Profile Sponsored by: Nursery and Landscape Association Completed by: USDA Agricultural Statistics Service Holly Smith, Project Statistician Norman Bennett,

More information

Less Surface Water, More Fruit & Vegetable Production and Hired Labor Impacts

Less Surface Water, More Fruit & Vegetable Production and Hired Labor Impacts Less Surface Water, More Fruit & Vegetable Production and Hired Labor Impacts Don Villarejo, Ph.D. Conference on California Agriculture: Water, Labor and ImmigraIon April 15, 2016 University of California,

More information

Forecasting With History

Forecasting With History Forecasting With History Santiago Gallino Tuck School of Business Toni Moreno Kellogg School of Management January 2017 July 2013 LBS London, UK Learning Modules 1. Demand forecasting 2. Inventory Decisions

More information

2015 Cost of Potato Production Study for Colorado s San Luis Valley With Comparison to 2014

2015 Cost of Potato Production Study for Colorado s San Luis Valley With Comparison to 2014 2015 Cost of Potato Production Study for Colorado s San Luis Valley With Comparison to 2014 Cost of Production Changes per Acre and Per Hundredweight Per Acre Dollar and Percentage Change in Costs Detailed

More information

Cattle Outlook. January, 2018

Cattle Outlook. January, 2018 Cattle Outlook January, 2018 Cattle Outlook January 2018 In This Issue: Supply Fundamentals Demand Fundamentals Summary 2 Historical Price Reference Where are Cattle Prices Currently, And Where are they

More information

Market Driven Enterprise Screening Tool

Market Driven Enterprise Screening Tool Market Driven Enterprise Screening Tool UC Small Farm Program Specialty Crops Conference December 12, 2007 Ramiro E. Lobo UC Farm Advisor, Small Farms & Agricultural Economics Presentation Overview San

More information

Steven D. Johnson. Presentation Objectives

Steven D. Johnson. Presentation Objectives April 2014 Steven D. Johnson Farm & Ag Business Management Specialist (515) 957-5790 sdjohns@iastate.edu www.extension.iastate.edu/polk/farm-management Presentation Objectives Review the latest Corn &

More information

CAREERS related to plant and soil

CAREERS related to plant and soil Careers in Plant and Soil Science CAREERS related to plant and soil science make up a large portion of all agricultural employment. That may be fitting, seeing as our lives are dependent upon plants. Plants

More information

The Value of Improving the Performance of your Cow-Calf Operation

The Value of Improving the Performance of your Cow-Calf Operation The Value of Improving the Performance of your Cow-Calf Operation Chris Prevatt Livestock and Forage Economist UF Range Cattle Research and Education Center NW Florida Beef Conference The Last Five Years

More information

GROWER PERSPECTIVES ON THE POTENTIAL IMPACT OF EXPANDED INTERNATIONAL TRADE OF SELECTED PLANTS IN THE U.S. NURSERY INDUSTRY

GROWER PERSPECTIVES ON THE POTENTIAL IMPACT OF EXPANDED INTERNATIONAL TRADE OF SELECTED PLANTS IN THE U.S. NURSERY INDUSTRY PBTC 05-01 PBTC 02-6 GROWER PERSPECTIVES ON THE POTENTIAL IMPACT OF EXPANDED INTERNATIONAL TRADE OF SELECTED PLANTS IN THE U.S. NURSERY INDUSTRY By John VanSickle, Edward A. Evans, & Ronald M. Gordon PBTC

More information

CITY OF BEVERLY HILLS PUBLIC WORKS DEPARTMENT MEMORANDUM

CITY OF BEVERLY HILLS PUBLIC WORKS DEPARTMENT MEMORANDUM CITY OF BEVERLY HILLS PUBLIC WORKS DEPARTMENT MEMORANDUM TO: FROM: PUBLIC WORKS COMMISSION Debby Figoni, Water Conservation Administrator DATE: May 10, 2018 SUBJECT: Water Efficiency Update ATTACHMENTS:

More information

Ag Outlook Webinar. Chris Hurt, Professor, Department of Agricultural Economics

Ag Outlook Webinar. Chris Hurt, Professor, Department of Agricultural Economics Ag Outlook Webinar Chris Hurt, Professor, Department of Agricultural Economics Michael Langemeier, Associate Director, Center for Commercial Agriculture James Mintert, Director, Center for Commercial Agriculture

More information

ECONOMIC CONTRIBUTIONS OF THE FOREST INDUSTRY AND FOREST-BASED RECREATION IN FLORIDA IN 2016

ECONOMIC CONTRIBUTIONS OF THE FOREST INDUSTRY AND FOREST-BASED RECREATION IN FLORIDA IN 2016 Sources: UF/IFAS, Rayonier Advanced Materials ECONOMIC CONTRIBUTIONS OF THE FOREST INDUSTRY AND FOREST-BASED RECREATION IN FLORIDA IN 2016 PRESENTATION TO THE FLORIDA FORESTRY ASSOCIATION AUGUST 31, 2017

More information

2015 Cost of Potato Production Study for Wisconsin With Comparison to 2014

2015 Cost of Potato Production Study for Wisconsin With Comparison to 2014 2015 Cost of Potato Production Study for Wisconsin With Comparison to 2014 Cost of Production Changes per Acre and Per Hundredweight Per Acre Dollar and Percentage Change in Costs Detailed Cost of Production

More information

THIS IS AN UPDATE OF A PREVIOUS STUDY. This study, like its 1996

THIS IS AN UPDATE OF A PREVIOUS STUDY. This study, like its 1996 INTRODUCTION THIS IS AN UPDATE OF A PREVIOUS STUDY. This study, like its 1996 predecessor, looks at the economic impact of agriculture and agribusiness to Hillsborough County. The study also analyzes fiscal

More information

The Potash Outlook. Al Mulhall Director, Market Research - PotashCorp. November 2, 2005

The Potash Outlook. Al Mulhall Director, Market Research - PotashCorp. November 2, 2005 The Potash Outlook Al Mulhall Director, Market Research - PotashCorp TFI Outlook Meeting November 2, 25 Forward-Looking Statements This presentation contains forward-looking statements, which involve risks

More information

Domestic Self-Supply and Private Landscape Irrigation Wells

Domestic Self-Supply and Private Landscape Irrigation Wells Domestic Self-Supply and Private Landscape Irrigation Wells Richard L Marella and Darbi R Berry U.S. Geological Survey Florida Water Science Center & Stacie Greco Alachua County Environmental Protection

More information

Situation Analysis. Kathleen R. Brooks, Ph.D. Extension Livestock Economics Specialist

Situation Analysis. Kathleen R. Brooks, Ph.D. Extension Livestock Economics Specialist Situation Analysis Kathleen R. Brooks, Ph.D. Extension Livestock Economics Specialist Department of Agricultural Economics University of Nebraska-Lincoln kbrooks4@unl.edu Agricultural Challenges More with

More information

U.S. Trade Deficit and the Impact of Rising Oil Prices

U.S. Trade Deficit and the Impact of Rising Oil Prices Order Code RS22204 Updated December 13, 2006 U.S. Trade Deficit and the Impact of Rising Oil Prices James K. Jackson Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division

More information

U.S. Manufacturing Technology Orders Finish 2016 Down 4.0 Percent

U.S. Manufacturing Technology Orders Finish 2016 Down 4.0 Percent Contact: Penny Brown, AMT, 703-827-5275 pbrown@amtonline.org For Release: February 13, 2017 U.S. Manufacturing Technology Orders Finish 2016 Down 4.0 Percent Manufacturing technology orders finished 2016

More information

Nathan Kauffman Economist Federal Reserve Bank of Kansas City Omaha Branch August 21, 2013

Nathan Kauffman Economist Federal Reserve Bank of Kansas City Omaha Branch August 21, 2013 Nathan Kauffman Economist August 21, 213 The views expressed are those of the author and do not necessarily reflect the opinions of the Federal Reserve Bank of Kansas City or the Federal Reserve System.

More information

U.S. Fertilizer Situation and Outlook for 2009

U.S. Fertilizer Situation and Outlook for 2009 U.S. Fertilizer Situation and Outlook for 9 Wen-yuan Huang Economic Research Service U.S. Department of Agriculture Introduction Historic consumption Historical prices Fertilizer production and production

More information

Florida Central Ridge residential irrigation. Smart Controller research at UF Current rain sensor (RS) research at UF Proposed RS protocol

Florida Central Ridge residential irrigation. Smart Controller research at UF Current rain sensor (RS) research at UF Proposed RS protocol SWAT Testing: Proposed Rain Sensor Protocol Michael D. Dukes, Ph.D., P.E. Bernard dc Cardenas-Lailhacar Agricultural & Biological Engineering Institute of Food and Agricultural Sciences (IFAS) Gainesville,

More information

Marketing 2018 Feeder Calves

Marketing 2018 Feeder Calves Marketing 2018 Feeder Calves Chris Prevatt Beef Cattle and Forage Economics University of Florida, Range Cattle REC Tariffs A tariff is a tax on imports or exports between sovereign states. Tariffs (from

More information

University of Michigan Eco-Driving Index (EDI) Latest data: August 2017

University of Michigan Eco-Driving Index (EDI)   Latest data: August 2017 University of Michigan Eco-Driving Index () http://www.ecodrivingindex.org Latest data: August 2017 Developed and issued monthly by Michael Sivak and Brandon Schoettle Sustainable Worldwide Transportation

More information

HKU announces 2017 Q4 HK Macroeconomic Forecast

HKU announces 2017 Q4 HK Macroeconomic Forecast HKU announces 2017 Q4 HK Macroeconomic Forecast October 10, 2017 The of the Hong Kong Institute of Economics and Business Strategy at the University of Hong Kong (HKU) released its quarterly Hong Kong

More information

Feed Grain Outlook June 26, 2018 Volume 27, Number 38

Feed Grain Outlook June 26, 2018 Volume 27, Number 38 Today s Newsletter Market Situation Crop Progress 1 Grain Use 4 Outside Markets 5 Marketing Strategies Seasonality 9 Market Situation Crop Progress. The corn crop condition index for June 25 (crop week

More information

Prospects for Corn Trade in 2018/19 and Beyond

Prospects for Corn Trade in 2018/19 and Beyond Prospects for Corn Trade in 2018/19 and Beyond Ben Brown Department of Agricultural, Environmental, and Development Economics The Ohio State University February 15, 2019 The agricultural industry is a

More information

ORC Evidence Requirements for the Nursery Production Industry Annual Short Rotation Crops

ORC Evidence Requirements for the Nursery Production Industry Annual Short Rotation Crops ORC Evidence Requirements for the Nursery Production Industry Annual Short Rotation Crops There are three Owner Reimbursement Costs (ORC) Evidence Framework formulas for the nursery production industry:

More information

Todd Harbaugh Senior Vice President Sam s Club. March 18, 2015

Todd Harbaugh Senior Vice President Sam s Club. March 18, 2015 Todd Harbaugh Senior Vice President Sam s Club March 18, 2015 1 Why do Members join? And why don t members renew? * Wholesale prices * Attractive promotions * Well-known brands * Novelties * Close locations

More information

Competition in the fruit and vegetable market: Why is Florida losing the battle to Mexico?

Competition in the fruit and vegetable market: Why is Florida losing the battle to Mexico? Competition in the fruit and vegetable market: Why is Florida losing the battle to Mexico? Zhengfei Guan UF-IFAS Food & Resource Economics/Gulf Coast Research and Education Center 2/21/2018 Outline Industry

More information