Is it Profitable to Plant New Citrus Groves in Florida in the Era of HLB?

I led the efforts to develop an analysis that describes the establishment and production costs for a new grove in Florida under endemic HLB conditions for three tree planting densities under different market conditions. Key findings of the analysis include the following. Establishing a new grove wi...

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Main Author: Ariel Singerman
Format: Article
Language:English
Published: The University of Florida George A. Smathers Libraries 2018-09-01
Series:EDIS
Online Access:https://journals.flvc.org/edis/article/view/106815
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author Ariel Singerman
author_facet Ariel Singerman
author_sort Ariel Singerman
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description I led the efforts to develop an analysis that describes the establishment and production costs for a new grove in Florida under endemic HLB conditions for three tree planting densities under different market conditions. Key findings of the analysis include the following. Establishing a new grove with a tree density of 145 trees per acre, which is similar to that of the state’s average, was found to be not profitable under current market conditions. Moreover, such tree density only attains a modest return under potential higher prices. Despite the higher level of investment required for planting 220 and 303 trees per acre, the analysis shows that under the assumptions and scenarios analyzed, those investments yield higher returns and have the potential to be economically viable.
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spelling doaj.art-df7529a59f4e48c99e45e82c921559492024-04-13T04:37:47ZengThe University of Florida George A. Smathers LibrariesEDIS2576-00092018-09-012018Is it Profitable to Plant New Citrus Groves in Florida in the Era of HLB?Ariel Singerman0assistant professor, Food and Resource Economics Department, UF/IFAS Citrus REC in Lake Alfred I led the efforts to develop an analysis that describes the establishment and production costs for a new grove in Florida under endemic HLB conditions for three tree planting densities under different market conditions. Key findings of the analysis include the following. Establishing a new grove with a tree density of 145 trees per acre, which is similar to that of the state’s average, was found to be not profitable under current market conditions. Moreover, such tree density only attains a modest return under potential higher prices. Despite the higher level of investment required for planting 220 and 303 trees per acre, the analysis shows that under the assumptions and scenarios analyzed, those investments yield higher returns and have the potential to be economically viable. https://journals.flvc.org/edis/article/view/106815
spellingShingle Ariel Singerman
Is it Profitable to Plant New Citrus Groves in Florida in the Era of HLB?
EDIS
title Is it Profitable to Plant New Citrus Groves in Florida in the Era of HLB?
title_full Is it Profitable to Plant New Citrus Groves in Florida in the Era of HLB?
title_fullStr Is it Profitable to Plant New Citrus Groves in Florida in the Era of HLB?
title_full_unstemmed Is it Profitable to Plant New Citrus Groves in Florida in the Era of HLB?
title_short Is it Profitable to Plant New Citrus Groves in Florida in the Era of HLB?
title_sort is it profitable to plant new citrus groves in florida in the era of hlb
url https://journals.flvc.org/edis/article/view/106815
work_keys_str_mv AT arielsingerman isitprofitabletoplantnewcitrusgrovesinfloridaintheeraofhlb