With the apple industry racked by trade troubles, U.S. Agricultural Trade Under Secretary Ted McKinney had a tough audience when he spoke Aug. 23 at the U.S. Apple Association Marketing and Outlook Conference.
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.
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.