Economics
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As I reported in my last blog post, the pecan market is puzzlingly dismal. Despite the loss of 1/3 of Georgia’s pecan crop to Hurricane Helene, and an overall 2024 supply (US Crop, Mexico, and Cold Storage) forecast to be lower than that of 2023, growers are being offered shockingly low prices for their crop.…
Posted in: Economics -
The American Pecan Council recently contracted with Land IQ to complete an analysis of pecan losses due to Hurricane Helene using satellite imagery. The APC and Land IQ worked closely with UGA for ground-truthing and observational information related to damage in the affected areas. This gives us the potential for a much higher degree of…
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The Georgia Pecan Growers Association recently held a meeting with USDA-Risk Management Agency to discuss the details of Hurricane Helene’s damage and what that means for growers regarding Tropical Storm and Hurricane Policies. Some great information came out of that meeting and we all learned a lot. This morning I saw an excellent blog post…
Posted in: Economics -
I just returned from the Texas Pecan Growers Conference. The pecan estimate from the meeting is found below: Alabama : 2 million Arizona: 38 million Arkansas: 3 million California: 5 million Florida: 2 million Georgia: 82 million Kansas: 2 million Louisiana: 8 million Miss: 1 million Missouri: 1 million New Mex: 96 million Oklahoma: 13…
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Harvest season has arrived for pecans in Georgia. We have an excellent crop of pecans this year from the perspective of both volume and quality. However, the pecan market is quite disturbing to most growers at the moment. Prices so far in the early part of the harvest season are down considerably from recent years.…
Posted in: Economics -
The Georgia pecan crop continues to appear early in its development. The hot nights we are currently experiencing will keep that at a good pace. Nuts are sizing very well at the moment. With the good crop load I see in most orchards, there may be some growers thinking about fruit thinning. If so, be…
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As you go to sell your pecans this harvest season, be sure you know the prices at which nuts are selling. Current USDA pecan prices can be found at the link below and are updated each Tuesday through the harvest season: https://search.ams.usda.gov/mnreports/tv_fv140.txt In addition to the above, as of last week export buyers were offering…
Posted in: Economics