• Topics: Food and Resource Economics | Smith, Scott A | Florida Economics | Food and Resource Economics | Florida Commodity Budgets

Florida Production Budgets and Agribusiness Analysis¹

This document presents access information and a listing of production budgets for livestock and the following crops: citrus, field, forage, fruit and nuts, tropical fruits and vegetables, and vegetables. Also, included is a web link to a business analysis of ornamental plant nurseries for various areas of Florida (a shortened version of the business analysis can be found on the EDIS website). These reports are produced and maintained by the University of Florida, Institute of Food and Agricultural Sciences (UF/IFAS), Food and Resource Economics Department (FRED), and are available through the department website (http://www.fred.ifas.ufl.edu) under the link entitled Extension Programs. In total, 118 current production reports are available, many with historical archives.

The budgets presented in this report are intended to reflect the cost of production incurred when production practices that are considered typical for any given crop in a given area are followed. What constitutes a typical production practice for each crop was defined by a consensus of opinion between UF/IFAS personnel and various producers in each production area. It should be emphasized that cost estimates resulting from this process should not be considered as representing the average cost of production in a statistical sense nor should they be considered as necessarily relating to recommended production practices. The intent of these cost budgets is to establish a benchmark within the range of actual costs that could be expected to produce the crop. An interactive tool to prepare personalized production budgets in a generalized format similar to those listed can be found at the Food and Resource Economics Department website under Extension Programs, Florida Commodity Budgets, Tropical Fruits and Vegetables (Interactive Tools).

The business analysis of ornamental nurseries presents information on sales, production, costs, assets and liabilities, and efficiency indicators for wholesale ornamental plant nurseries in Florida. Nursery products represented among the sampled firms include container- and field-grown woody ornamentals, tropical foliage, flowering plants, and cut foliage. The information presented was made possible by the owners and managers of cooperating wholesale ornamental plant nursery firms that made their records available on a confidential basis for analysis. Additional assistance was provided by University of Florida Extension ornamental horticultural agents. It should be noted that these data are not budgets in the usual sense of a listing of per acre quantities and costs, but rather are whole firm averages for operating expenses. There is a new interactive system for financial benchmark analysis at the Food and Resource Economics Department website under Extension Programs, Horticultural Business Mangement.

Table 1 contains information for each production area and crop listed below, along with hyperlinks to the data and the appropriate person(s) to contact.

• Citrus

• Field Crops

• Forage Crops

• Fruit and Nuts

• Livestock

• Ornamental Nurseries

• Tropical Fruit and Vegetables

• Vegetables

Tables

The Institute of Food and Agricultural Sciences (IFAS) is an Equal Opportunity Institution authorized to provide research, educational information and other services only to individuals and institutions that function with non-discrimination with respect to race, creed, color, religion, age, disability, sex, sexual orientation, marital status, national origin, political opinions or affiliations. For more information on obtaining other extension publications, contact your county Cooperative Extension service.

U.S. Department of Agriculture, Cooperative Extension Service, University of Florida, IFAS, Florida A. & M. University Cooperative Extension Program, and Boards of County Commissioners Cooperating. Nick T. Place, Dean.

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