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Acreage Shifts in Southern Commodities: Why and Is It Temporary?

Acreage Shifts in Southern Commodities: Why and Is It Temporary?. National Farm Business Management Conference June 9-13, 2013 Dr . Nathan B. Smith, Amanda Smith, and Dr. Don Shurley. Total Cropland. Source: U.S. Census, NASS USDA. Major Land Use. Acreage for Principle Crops 2007-2012.

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Acreage Shifts in Southern Commodities: Why and Is It Temporary?

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  1. Acreage Shifts in Southern Commodities: Why and Is It Temporary? National Farm Business Management Conference June 9-13, 2013 Dr. Nathan B. Smith, Amanda Smith, and Dr. Don Shurley

  2. Total Cropland Source: U.S. Census, NASS USDA

  3. Major Land Use

  4. Acreage for Principle Crops2007-2012 Source: Acreage and Crop Production Annual Summary, NASS

  5. Principle Field Crops Planted • All Hay1 • Barley • Canola • Corn • Cotton • Dry Edible Beans • Oats • Peanuts • Potatoes • ProsoMillet • Rice • Rye • Sorghum • Soybeans • Sugarbeets • Tobacco1 • Sugarcane1 • Sunflower • Wheat • Durum • Other Spring • Winter Source: Acreage, NASS 1Harvested Acres used

  6. SE Field Crop Acreage Trends2006-2011

  7. Active CRP Acres Source: Monthly CRP Acreage Report, FSA

  8. Factors Affecting Georgia Row Crop Acreage • Relative Prices (cotton, corn, peanut, soybeans & wheat) • Government Programs – used to be major driving force • Infrastructure • Handling Facilities - Cotton Gins, Peanut Buying Points, Grain Elevators, Port • Processors - Shelling Plants, Feed Mills, Oilseed Processors, Ethanol Plant, Flour Mill, Textile Mill • Ownership – more farmers share in cotton gins, peanut buying points, sheller • Risk Management • Crop insurance • Marketing Cooperatives & Contracts • Access to Capital & Capital Costs • Operating Loan • Machinery and Equipment – cotton & peanuts capital intensive, more leasing • Technology • Seed, Chemicals, Irrigation • Cost of Inputs • Crop Rotation • Weather • Water

  9. Georgia Trends in Row Crops • Increased acres • More interest in corn and soybeans • Growth in grain infrastructure • Increase in irrigation units • Clearing of edges of fields and pine plantations brought back into production • More corn in cotton, peanut rotation.

  10. Typical Georgia Crop Rotations2012 GPAC Winners

  11. Georgia Major Row Crops, Vegetables, Fruits & NutsRanking by Farm Gate Receipts, Million $ 12

  12. Crop Comparison Tool

  13. 2013 Net Returns Comparison, Non-Irrigated Computer Spreadsheet Budgets Printable Budgets Crop Comparison Tool http://www.ces.uga.edu/Agriculture/agecon/new.html

  14. 2013 Net Returns Comparison, Irrigated Computer Spreadsheet Budgets Printable Budgets Crop Comparison Tool http://www.ces.uga.edu/Agriculture/agecon/new.html

  15. Crop Insurance Prices

  16. Crop Insurance Projected Price

  17. Crop Insurance Prices

  18. Compiled by Nathan Smith, UGA Extension Economist, Source: NASS USDA, QucikStats and Propsective Plantings, March 28, 2013

  19. SWOT Analysis for SE Row Crops

  20. Thank You Nathan Smith nathans@uga.edu 229-386-3512

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