Forecast

Latest forecast: Oranges up, grapefruit steady

Published on June 9, 2017 in Statewide/Top Headlines by Jim Rosica

Florida orange production went up a bit and grapefruit production leveled off, according to the latest forecast by the U.S. Department of Agriculture’s National Agricultural Statistics Service. The Florida Department of Citrus announced the estimates Friday. “The June report projects the state’s orange crop to increase by 500,000 boxes to 68.5 million for the 2016-17 season,” its press release said. “The grapefruit crop held steady at 7.8 million boxes and tangelos dipped slightly by 10,000 to 1.62 million.” The monthly forecasts, however, are…

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More bad news as Florida orange crop drops again

Published on February 9, 2017 in Statewide/Top Headlines by Jim Rosica

Florida’s grapefruit crop held steady at nine million boxes, but its orange crop went down slightly, according to the U.S. Department of Agriculture‘s February forecast. Thursday’s report projects a one million box reduction in the state’s orange crop to 70 million boxes. That’s after last month’s forecast also predicted a decrease. “Today’s forecast reflects a true utilization of early, mid-season, and Navel varieties,” said Shannon Shepp, executive director of the Florida Department of Citrus, in a statement. “We hope for higher numbers of…

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Citrus crop production trending down again slightly

Published on January 12, 2017 in Apolitical/Top Headlines by Jim Rosica

The latest estimates show “a slight decrease” in Florida orange production to 71 million boxes for the 2016-17 season, according to the Florida Department of Citrus. The department on Thursday shared the results of the most recent U.S. Department of Agriculture forecast, the first in 2017. The state’s citrus industry has been hurt by the citrus greening epidemic. The so-far incurable disease is attacking fruit, causing it to turn green and bitter, and eventually killing the tree. Florida’s famous oranges are most at risk. “Despite the decrease,…

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Fla. economy grows, but not enough to avoid budget woes

Published on December 12, 2016 in Statewide/Top Headlines by Associated Press

Preliminary forecasts show Florida’s economy is growing, but probably not enough to solve the state’s looming budget constraints. State economists are meeting Monday to draw up forecasts to predict how much the state will collect in taxes. Gov. Rick Scott will use the forecasts to draw up budget recommendations for 2017. Preliminary estimates show economists expect the state’s main budget account to grow roughly four percent during the fiscal year that ends next June. And they are predicting growth slightly…

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USDA says Florida orange crop projected to hold steady

Published on December 9, 2016 in Apolitical/Top Headlines by Jim Rosica

Florida’s production of orange crop will hold steady at 72 million boxes for the 2016-17 season, the U.S. Department of Agriculture reported Friday. The “all orange” forecast, equal to 3.24 million tons, is “unchanged from last month but down 12 percent from last season’s final utilization,” the department’s latest forecast says. Moreover, the Florida frozen concentrated orange juice (FCOJ) forecast for 2016-2017 is “down 2 percent from last month but up 2 percent from last season’s final yield of 1.41 gallons per box.” But the report…

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Citrus production forecast remains in freefall

Published on October 12, 2016 in Statewide by Jim Rosica

The federal government is forecasting a 14 percent decrease in Florida orange production next year and a drop in grapefruit of 11.5 percent. The National Agriculture Statistics Service of the U.S. Department of Agriculture released its report Wednesday. In another sign of the citrus greening epidemic facing the industry, the service foresees yields of only 70 million boxes of oranges and 9.6 million boxes of grapefruit, the state’s signature fruits. It was the first citrus crop forecast for the 2016-2017 season. “Although not unexpected, today’s…

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Expect less, buy antacid: 2016 investment forecasts

Published on January 1, 2016 in Apolitical/Top Headlines by Associated Press

Investing is becoming more of a grind. Expect it to stay that way. Analysts, mutual-fund managers and other forecasters are telling investors to expect lower returns from stocks and bonds in 2016 than in past years. They’re also predicting more severe swings in prices. Remember that 10 percent drop for stocks that freaked investors out in August? It likely won’t take another four years for the next one. The good news is that few economists are predicting a recession in…

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