Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
Groups such as the Fresh Produce Association of the Americas and the Border Trade Alliance continue to make misleading statements about the U.S.-Mexico Tomato Suspension Agreement in an apparent attempt to muddy the waters and stoke fear among other agricultural sectors in the U.S.
California growers are expected to produce 80 million cartons of navel oranges during the 2018-19 season, according to estimates from the U.S. Department of Agriculture. That’s an 11% increase over last year.
Florida’s orange volume should be about 77 million 90-pound box equivalents, most of which will go to processing, said Andrew Meadows, director of communications for Lakeland-based Florida Citrus Mutual.