A Review of Citrus Production Costs and Options for Consideration

Slides:



Advertisements
Similar presentations
Introducing A partnership of cotton universities, ginners, warehouses and oil mills, equipment, seed and chemical suppliers, and other supporters of the.
Advertisements

What Does it Cost to Grow Cherries? A Recent Grower Based Study R. Karina Gallardo WSU-Tree Fruit Research and Extension Center, School of Economic Sciences,
Capital Investments Chapter 12. Capital Budgeting How managers plan significant outlays on projects that have long-term implications such as the purchase.
Mercy Olmstead, Ph.D. Stonefruit Extension Specialist TRAINING SYSTEMS FOR PEACHES AND NECTARINES.
OPTIMISM IN SPITE OF HLB INVESTING IN FLORIDA CITRUS Rob Atchley General Manager of Citrus Groves, A. Duda and Sons, Inc.
WSU Tree Fruit Enterprise Budgets A powerful tool to track and manage your expenses R. Karina Gallardo & Mykel Taylor Washington State University.
Impact of Changing Fertilizer Prices on Citrus Production Costs Ronald P. Muraro UF/IFAS – Citrus REC Presented at 2008 Citrus Expo.
Wild Blueberry Technical Assistance Curriculum David Yarborough, the University of Maine.
Citrus Greening Effects on Fruit Size Distribution in Citrus Trees Chris Oswalt Extension Agent, Polk County & Tim Spann CREC, Lake Alfred Chris Oswalt.
SESSION 18: SETTING & ACHIEVING FINANCIAL GOALS AND SPENDING Talking Points Setting & Achieving Financial Goals 1. A financial goal is a monetary target.
PPT METHODS OF PEST CONTROL
Weed Management in FL Sugarcane Curtis Rainbolt Everglades REC, Belle Glade, FL.
The Economics of Grafted Blueberry Dr. Jim Julian Oregon State University Gainesville, Florida May
Housing Rents 2012/13 Housing Briefing - 19 January 2012.
2004 Budget Presentation City Commission Budget Study Session July 2, 2003.
Results Irrigation with reclaimed water increased mineral residues in the soil profile, altered leaf mineral concentration and fruit quality, and promoted.
Module #1 Economic Considerations Pine Silvopasture in the Southeast.
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Scouting: How, When and What Jamie D. Yates University of Florida, IFAS, Citrus Research and Education Center Lake Alfred Jamie D. Yates University of.
Capital Budgeting MF 807 Corporate Finance Professor Thomas Chemmanur.
Estimating your Cost of Production for Growing Irrigated Corn Paul D. Mitchell Agricultural and Applied Economics UW-Madison and UW-Extension Hancock ARS.
Challenges to Sustainability in Florida Dr. Norm Leppla UF/IFAS - IPM Florida SYSCO 2008 Sustainable Ag/IPM Conference & Farm Tour.
Financial Analysis Professor Ronald Miolla. Agenda 1) What are ratios? 2) Purpose of financial ratios. 3) Common financial ratios. 4) Ratios in context.
2005 RME - Executive Marketing1 Executive Marketing: Developing a Marketing Plan Scott A. Mickey.
OSSAMA ELKHOLY CHEMICAL USED IN AGRICULTURE: FERTILIZERS & PESTICIDES.
Center for Landscape Conservation and Ecology An Integrated, Multidisciplinary Approach to Florida-friendly Landscaping Terril A. Nell, CLCE Director February.
Cost-Benefit Analysis and Government Investments
Tracking Production Expenses A tool for crop selection and market evaluation.
OBSERVATIONS OF TREE DAMAGE AFTER HURRICANE WILMA FROM BOTH HAND AND MECHANICALLY HARVESTED TREES Kelly Morgan, Mongi Zekri, Fritz Roka & Bob Rouse.
First National Agricultural Policy Workshop The Citrus sub-sector: Analysis and Policy Options Damascus, October 31st, 2000.
Roman Keeney, Assistant Professor Learning Tuesday—April 13, 2010 Policy Web Address:
Elderberry Enterprise Analysis By Rose Wilson. John Hayden Model 250 row feet, 40 bushes (6x12 spacing) Establishment Expense Units $/unit Total Cuttings40$3.50$140.
Rootstock Update for the Indian River Region Bill Castle UF Professor Emeritus Horticulture Citrus Research and Education Center Lake Alfred
Line of Business Financial Return Summary D R A F T Presented September 15, 2015 By Karen Goschen Deputy Executive Director/Finance Director.
Economics of Windbreaks Leah Moore USDA-NRCS Agricultural Economist.
Orange County Public Works Board of County Commissioners Presentation June 21, 2011 Board of County Commissioners Presentation June 21, 2011 Landscaping.
Using Net Present Value to Make Investment Decisions Student Presentations –Net Present Value –Internal Rate of Return Alternative Investment Decision.
1 Voucher Management System Changes – – Tabular Form layout – Consolidated like items on same tab – Aligned UML and HAP on same row for easier input –
BEAN OR GENE ISSUES ASSOCIATED WITH THE PRODUCTION OF THE GLYPHOSATE RESISTANT SOYBEAN Power Point created by Shayla Kisling Georgia Agriculture Education.
Crop Insurance Basics Trent Milacek NW Area Ag Econ Specialist
MF 807 Corporate Finance Professor Thomas Chemmanur
Chapter 9 Learning Objectives
Utilizing Enterprise Budgets in Beef Cattle Operations
Jarrod T. Hardke Assoc. Professor / Rice Extension Agronomist
Clarke Alder, Crop Consultant, The Amalgamated Sugar Company
Farmland Leases: A Reset Needed
Look at each label carefully.
Section 18 Emergency Exemption
Planning for Capital Investments
Process of conversion from inputs to outputs
Look at each label carefully.
Enterprise Budgets A Decision Tool That Works in Farm Management
Utilizing Crop Insurance for the Average Producer
Effects of Mechanical harvesting on Tree Health and Yield
Conquering Impediments facing Citrus Mechanical Harvesting
Making mass harvesters more productive with an abscission agent
Crop Market Outlook North Central Iowa Research Farm Annual Meeting
Market Outlook & Risk Management
Crop Market Outlook Insuring Iowa’s Agriculture Workshop Ames, Iowa
Associate Professor/Crop Marketing Specialist
Olives for oils.
PRAB Dry Bean Research Priorities Meeting 2.19
Crop Market Outlook ASFMRA Iowa Chapter Spring Seminar Ames, Iowa
Associate Professor/Crop Markets Specialist
Associate Professor/Crop Marketing Specialist
Crop Market Outlook Key Cooperative Risk Management & Grain Outlook Meeting Zearing, IA Dec. 6, 2016 Chad Hart Associate Professor/Crop Markets Specialist.
Crop Market Outlook Women Marketing Grain Meeting Oakland, Iowa
Where We Are and Why We Are Here
Associate Professor/Crop Marketing Specialist
Associate Professor/Crop Markets Specialist
Presentation transcript:

A Review of Citrus Production Costs and Options for Consideration Ronald P. Muraro UF/IFAS Citrus Research and Education Center Lake Alfred, Florida Presented at: Citrus Extension Surviving Low Citrus Prices Seminar-Workshop 2004

Is A $ Saved A $ Earned ?

Is A $ Saved A $ Earned ? Year Reduction in On-Tree Price Actual Yields Pest & Disease Fertili-zation Hamlin Valencia ----- $/Box ------ --- Boxes/Acre --- 1967 X 0.39 0.73 661 437 1968 1.39 2.64 573 360 1969 1.17 2.70 503 412 1970 0.75 1.03 441 291 1971 0.48 1.40 192 97

Is A $ Saved A $ Earned ? - - - - - - - Actual Yields - - - - - - - - - - Projected Yields - - -

Is A $ Saved A $ Earned ? INFLATED IN 2003 DOLLARS Year Net On-Tree Return (Loss) Actual Projected Difference ------------ $/Acre ------------ ------------ $/Acre ------------- 1967 185 77 108 763 320 443 1968 669 676 (7) 2,700 2,729 (29) 1969 734 847 (113) 2,847 3,286 (439) 1970 138 212 (74) 516 793 (277) 1971 (142) 291 (433) (514) 1,056 (1,570)

Delivered-in Prices for Processed Oranges

Historical Average Delivered-In Price Per Pound Solids for Processed Oranges 02-03

Market Allocation Decisions

Fruit Marketing Decision Matrix for Citrus Production Source: UF/IFAS EDIS Report CPMG-02.

Costs Of Major Production Categories

Processed Orange Production Expenses by Major Categories, 2002-03* Weed Control (middle and in-row) $183.13 22.4% Irrigation $145.30 17.7% Spray $137.18 16.7% Fertilizer/Lime $136.09 16.6% Tree Replacement $102.44 12.5% Ditch Maintenance $ 28.03 3.4% Pruning/Hedging/Topping $ 38.86 4.7% Management $ 48.00 5.9% Total $819.03 100.0% *Ronald Muraro, Fritz Roka, Robert Rouse. Budgeting Cost and Returns for Southwest Florida Citrus Production, 2002-03, EDIS FE 434, September 2003.

Summary / Conclusion

Processed Orange Production Expenses by Major Categories, 2002-03* Typical Processed Program Modified Processed Program Minimum Processed Program ----------------------- $/Acre ----------------------- Weed Control (middle and in-row) 183.13 143.71 143.71a Irrigation 145.30 Spray 137.18 85.74b Fertilizer/Lime 136.09 Tree Replacement 102.44 42.28 42.28c Ditch Maintenance 28.03 Pruning/Hedging/Topping 38.86 Management 48.00 Total 819.03 719.45 668.01 Cost Savings 99.58 151.02 aSix Glyphosate in-row herbicide treatments and middle management. bSummer oil spray only (fungicide and miticide). cNo reset planting; only tree removal and care of existing resets. *Source: 2002-03 SWFL Budgeting Costs and Returns, EDIS FE 434.

A $ Saved May Not Always Be A $ Earned !