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Positive Economic Forecast for Farmers
Monday, 04 February 2013

February 4--  Farmers from the Toombs County region got some pretty good economic news from experts at the University of Georgia.

ImageA crowd gathered at the Toombs Agri-Center in Lyons for a session on what to expect in 2013.  Economist Dr. Nathan Smith from UGA says it won't be as good as the banner year farmers enjoyed in 2012, but the outlook is still positive.

"We actually saw record prices in 2011 and 2012 for our major ag commodities.  Even with the state being in a drought, this past year was a record year.  All five major crops had record yields.  It was an unique year this past year and while we don't expect the same yields or the same prices, the outlook for 2013 is still pretty positive," Smith said.

Dr. Smith says the port of Savannah is playing an important role in exporting more and more Georgia farm products overseas, particularly cotton, peanuts and pecans.

"We're a leader in the world in agriculture.  One out of three acres of production ends up being exported out of the U.S. these days.  When you look at farm policy, it's actually to encourage more exports in agriculture because we have the excess production," he reports.

 
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