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Monday, January 28, 2008

Georgia's Agruculture Economy Overview

Agriculture experts from the University of Georgia met with local farmers to discuss the industries outlook for the upcoming year. Crops across the board, such as corn, pecans, soybeans, and peanuts are selling at an all time high. But, the drought has wiped out Georgia’s livestock feed, and fuels costs have tripled. John McKissick, an agriculture economist from the University of Georgia said livestock farmers aren’t as lucky as crop farmers.

“Beef cattle producers are faced with rising costs from the energy side, yet their selling prices aren’t going up, in fact their's is going down some,” said McKissick.

According to the University of Georgia's Department of Agriculture, Georgian agribusiness brought in $2.5 billion dollars last year, even with the slump in landscaping and livestock profits.

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